Ninety One North America Inc. Takes Position in Sea Limited (NYSE:SE)

Ninety One North America Inc. purchased a new position in Sea Limited (NYSE:SE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 287,713 shares of the Internet company based in Singapore's stock, valued at approximately $30,526,000. SEA comprises approximately 1.9% of Ninety One North America Inc.'s holdings, making the stock its 20th largest position. Ninety One North America Inc. owned 0.05% of SEA at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of SEA by 445.4% during the second quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore's stock worth $3,649,000 after buying an additional 41,728 shares in the last quarter. Truist Financial Corp lifted its stake in shares of SEA by 106.9% in the 2nd quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore's stock valued at $1,275,000 after purchasing an additional 9,224 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of SEA by 25.2% during the 2nd quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore's stock worth $2,038,000 after purchasing an additional 5,740 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of SEA in the 2nd quarter worth approximately $388,000. Finally, Park Avenue Securities LLC boosted its holdings in SEA by 40.4% during the 3rd quarter. Park Avenue Securities LLC now owns 7,519 shares of the Internet company based in Singapore's stock valued at $709,000 after acquiring an additional 2,165 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a "reduce" rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Wedbush restated an "outperform" rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Trading Up 0.3 %

Shares of SE traded up $0.34 during trading hours on Friday, reaching $123.00. The stock had a trading volume of 2,412,164 shares, compared to its average volume of 3,402,633. Sea Limited has a 52 week low of $41.60 and a 52 week high of $126.35. The firm has a 50-day moving average of $113.78 and a 200 day moving average of $96.88. The company has a market cap of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.26) EPS. On average, sell-side analysts expect that Sea Limited will post 0.8 earnings per share for the current fiscal year.

About SEA

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.