Chase Investment Counsel Corp Acquires 8,862 Shares of Sea Limited (NYSE:SE)

Chase Investment Counsel Corp lifted its holdings in Sea Limited (NYSE:SE - Free Report) by 68.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,889 shares of the Internet company based in Singapore's stock after purchasing an additional 8,862 shares during the period. Chase Investment Counsel Corp's holdings in SEA were worth $2,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its stake in SEA by 3.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,167,351 shares of the Internet company based in Singapore's stock worth $110,058,000 after acquiring an additional 43,047 shares during the period. Baillie Gifford & Co. increased its stake in shares of SEA by 15.5% in the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock worth $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of SEA by 249.5% during the 3rd quarter. GSA Capital Partners LLP now owns 16,471 shares of the Internet company based in Singapore's stock valued at $1,553,000 after purchasing an additional 11,758 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of SEA by 9.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 33,342 shares of the Internet company based in Singapore's stock valued at $3,143,000 after buying an additional 2,763 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in 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 buying an additional 5,517,559 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SE. TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday. Bank of America upped their price target on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, Barclays lifted their price target on shares of SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.69.

SEA Trading Down 2.3 %

SE traded down $2.46 on Wednesday, hitting $105.19. The company had a trading volume of 4,630,163 shares, compared to its average volume of 5,408,310. The business's fifty day simple moving average is $92.39 and its 200 day simple moving average is $78.69. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.52. The company has a market cap of $60.20 billion, a PE ratio of 700.40 and a beta of 1.52.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The company had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter last year, the firm posted ($0.26) EPS. SEA's revenue for the quarter was up 30.8% compared to the same quarter last year. Equities research analysts expect that Sea Limited will post 0.77 EPS for the current year.

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.