Sea Limited (NYSE:SE) Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its position in Sea Limited (NYSE:SE - Free Report) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,251,168 shares of the Internet company based in Singapore's stock after selling 89,172 shares during the quarter. SEA comprises approximately 3.3% of OVERSEA CHINESE BANKING Corp Ltd's investment portfolio, making the stock its 6th biggest position. OVERSEA CHINESE BANKING Corp Ltd owned about 0.22% of SEA worth $117,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SE. Duquesne Family Office LLC bought a new position in SEA during the 2nd quarter worth $4,778,000. WCM Investment Management LLC raised its holdings in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock valued at $38,098,000 after acquiring an additional 7,175 shares during the period. Toronto Dominion Bank grew its position in shares of SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore's stock valued at $63,776,000 after purchasing an additional 196,506 shares in the last quarter. Finally, Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the third quarter worth $587,544,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen upped 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. Bank of America raised their target price on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Barclays lifted their price objective on shares of SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Benchmark raised their target price on shares of SEA from $87.00 to $94.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, 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 report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $82.54.

SEA Stock Up 10.9 %

Shares of NYSE:SE traded up $10.66 during midday trading on Tuesday, reaching $108.12. The company had a trading volume of 10,384,926 shares, compared to its average volume of 5,392,953. Sea Limited has a one year low of $34.35 and a one year high of $117.52. The stock has a market capitalization of $61.88 billion, a P/E ratio of -329.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The stock's fifty day moving average price is $91.78 and its 200-day moving average price is $78.38.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period last year, the firm earned $0.54 EPS. The company's revenue was up 23.0% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.77 earnings per share for the current fiscal year.

About SEA

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.