Sea Limited (NYSE:SE) is Baillie Gifford & Co.'s 9th Largest Position

Baillie Gifford & Co. raised its stake in Sea Limited (NYSE:SE - Free Report) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,564,018 shares of the Internet company based in Singapore's stock after purchasing an additional 5,295,590 shares during the period. SEA comprises 2.8% of Baillie Gifford & Co.'s investment portfolio, making the stock its 9th biggest position. Baillie Gifford & Co. owned approximately 6.91% of SEA worth $3,730,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of research analysts 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. Barclays upped their price target on shares of SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark increased their price target on shares of SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Finally, Citigroup dropped their price objective on shares of SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.54.

SEA Trading Up 11.3 %

Shares of NYSE SE traded up $11.04 during trading hours on Tuesday, reaching $108.50. The stock had a trading volume of 10,859,181 shares, compared to its average volume of 5,395,704. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.52. The business's fifty day moving average price is $91.78 and its two-hundred day moving average price is $78.38. The firm has a market cap of $62.10 billion, a price-to-earnings ratio of -329.17 and a beta of 1.52.

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