Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Position in Sea Limited (NYSE:SE)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Sea Limited (NYSE:SE - Free Report) by 30.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 775,900 shares of the Internet company based in Singapore's stock after selling 344,400 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.14% of SEA worth $55,415,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SE. Point72 DIFC Ltd purchased a new position in shares of SEA in the second quarter valued at approximately $100,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of SEA in the second quarter valued at approximately $184,000. Sanctuary Advisors LLC purchased a new position in shares of SEA in the second quarter valued at approximately $388,000. Maven Securities LTD purchased a new position in shares of SEA in the second quarter valued at approximately $205,000. Finally, Clearbridge Investments LLC purchased a new position in shares of SEA in the second quarter valued at approximately $99,989,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 0.2 %

SE stock traded down $0.16 during midday trading on Thursday, reaching $95.14. 2,706,951 shares of the company were exchanged, compared to its average volume of 5,709,062. The stock's 50-day simple moving average is $77.98 and its 200 day simple moving average is $70.17. The company has a market cap of $54.45 billion, a price-to-earnings ratio of 1,901.40 and a beta of 1.51. Sea Limited has a 1-year low of $34.35 and a 1-year high of $98.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.45). The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business's revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. On average, equities analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TD Cowen raised their price objective on shares of SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Citigroup decreased their price target on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Loop Capital lifted their price target on shares of SEA from $92.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 10th. Dbs Bank reiterated a "hold" rating and issued a $75.00 price target on shares of SEA in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.92.

SEA Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.