Robeco Institutional Asset Management B.V. Acquires 39,710 Shares of Sea Limited (NYSE:SE)

Robeco Institutional Asset Management B.V. increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 443,806 shares of the Internet company based in Singapore's stock after buying an additional 39,710 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of SEA worth $47,088,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of SEA by 445.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore's stock worth $3,649,000 after purchasing an additional 41,728 shares during the last quarter. AQR Capital Management LLC increased its position in shares of SEA by 0.6% in the 2nd quarter. AQR Capital Management LLC now owns 137,222 shares of the Internet company based in Singapore's stock worth $9,800,000 after purchasing an additional 839 shares during the last quarter. Truist Financial Corp increased its position 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 worth $1,275,000 after purchasing an additional 9,224 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of SEA by 25.2% in the 2nd quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore's stock valued at $2,038,000 after buying an additional 5,740 shares during the period. Finally, Clearbridge Investments LLC acquired a new position in shares of SEA in the 2nd quarter valued at about $99,989,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of NYSE:SE traded up $2.59 during trading on Thursday, reaching $124.51. The company had a trading volume of 899,814 shares, compared to its average volume of 3,293,951. The firm's fifty day moving average is $112.84 and its 200 day moving average is $94.85. The firm has a market capitalization of $71.26 billion, a PE ratio of 830.05 and a beta of 1.54. Sea Limited has a twelve month low of $38.10 and a twelve month high of $124.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted ($0.26) earnings per share. The company's revenue was up 30.8% on a year-over-year basis. On average, equities analysts forecast that Sea Limited will post 0.76 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on SE shares. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Wedbush reaffirmed an "outperform" rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reaffirmed a "reduce" rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $91.21.

SEA Company Profile

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.