PNC Financial Services Group Inc. Has $3.52 Million Stock Position in Sea Limited (NYSE:SE)

PNC Financial Services Group Inc. raised its stake in Sea Limited (NYSE:SE - Free Report) by 322.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,327 shares of the Internet company based in Singapore's stock after buying an additional 28,499 shares during the quarter. PNC Financial Services Group Inc.'s holdings in SEA were worth $3,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its holdings in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after buying an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC increased its position in SEA by 35.9% during the third 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 last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in SEA during the third quarter valued at about $587,544,000. Eminence Capital LP lifted its position in shares of SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after buying an additional 1,408,314 shares during the last quarter. Finally, Prudential PLC boosted its stake in shares of SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore's stock worth $260,673,000 after acquiring an additional 229,500 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

NYSE:SE traded up $0.96 during mid-day trading on Monday, hitting $114.00. The company's stock had a trading volume of 3,817,477 shares, compared to its average volume of 5,395,265. The company has a market capitalization of $65.25 billion, a price-to-earnings ratio of 760.00 and a beta of 1.52. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.85. The stock has a fifty day moving average of $97.40 and a 200-day moving average of $81.22.

SEA (NYSE:SE - Get Free Report) last released 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 company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.26) earnings per share. As a group, equities analysts forecast that Sea Limited will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. Wedbush restated 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. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. TD Cowen raised their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Finally, Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus price target of $91.21.

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.