Sea Limited (NYSE:SE) is WCM Investment Management LLC's 2nd Largest Position

WCM Investment Management LLC boosted its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 35.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,902,378 shares of the Internet company based in Singapore's stock after buying an additional 5,517,559 shares during the period. SEA makes up about 4.5% of WCM Investment Management LLC's portfolio, making the stock its 2nd largest position. WCM Investment Management LLC owned approximately 3.65% of SEA worth $1,971,303,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in SEA by 0.4% in the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore's stock valued at $2,447,451,000 after buying an additional 148,980 shares during the last quarter. Kaizen Investment Management Pte. Ltd. bought a new stake in SEA during the third quarter worth $587,544,000. Kora Management LP grew its stake in SEA by 9.4% in the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore's stock valued at $249,080,000 after purchasing an additional 400,000 shares during the period. Eminence Capital LP increased its position in shares of SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock valued at $322,993,000 after purchasing an additional 1,408,314 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its holdings in shares of SEA by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore's stock worth $201,113,000 after buying an additional 68,900 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

Shares of SE traded up $3.90 during mid-day trading on Monday, reaching $97.46. 5,789,298 shares of the stock traded hands, compared to its average volume of 5,371,591. 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 1 year low of $34.35 and a 1 year high of $101.93. The company has a market cap of $55.78 billion, a price-to-earnings ratio of -278.46 and a beta of 1.52. The firm has a fifty day moving average price of $91.78 and a 200 day moving average price of $78.38.

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

Wall Street Analyst Weigh In

Several analysts have commented on SE shares. Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Wedbush reiterated an "outperform" rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark raised their target price on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. TD Cowen boosted their target price on SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Finally, Citigroup cut their price target on SEA from $81.00 to $80.00 and set a "buy" rating for the company 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $82.54.

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.