Ninety One UK Ltd boosted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 1,673.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,243,888 shares of the Internet company based in Singapore's stock after acquiring an additional 1,173,738 shares during the quarter. Ninety One UK Ltd owned about 0.22% of SEA worth $131,977,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton increased its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of SEA in the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC acquired a new position in SEA during the 3rd quarter worth about $47,000. Geneos Wealth Management Inc. grew its position in SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after acquiring an additional 513 shares in the last quarter. Finally, SOA Wealth Advisors LLC. lifted its position in shares of SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.
SEA Stock Down 0.1 %
Shares of NYSE SE traded down $0.11 during mid-day trading on Wednesday, reaching $123.04. The company had a trading volume of 2,704,349 shares, compared to its average volume of 3,483,641. Sea Limited has a 52-week low of $41.10 and a 52-week high of $126.12. The stock has a market cap of $70.42 billion, a P/E ratio of 820.27 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $113.50 and a two-hundred day simple moving average of $96.51.
SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.26) EPS. Sell-side analysts predict that Sea Limited will post 0.8 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Benchmark upped their price objective on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities restated a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $91.21.
Get Our Latest Stock Analysis on SE
About SEA
(
Free Report)
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.
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