Sumitomo Mitsui DS Asset Management Company Ltd Raises Position in Sea Limited (NYSE:SE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Sea Limited (NYSE:SE - Free Report) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,959 shares of the Internet company based in Singapore's stock after purchasing an additional 4,605 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in SEA were worth $4,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Choreo LLC boosted its position in SEA by 2.6% during the fourth quarter. Choreo LLC now owns 16,969 shares of the Internet company based in Singapore's stock valued at $1,822,000 after acquiring an additional 434 shares during the last quarter. Yousif Capital Management LLC boosted its position in SEA by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 20,406 shares of the Internet company based in Singapore's stock valued at $2,165,000 after acquiring an additional 527 shares during the last quarter. Ninety One UK Ltd boosted its position in SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after acquiring an additional 1,173,738 shares during the last quarter. Ninety One North America Inc. bought a new stake in SEA during the fourth quarter valued at $30,526,000. Finally, E. Ohman J or Asset Management AB bought a new stake in SEA during the fourth quarter valued at $2,101,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 0.7 %

Shares of SE traded up $0.87 on Wednesday, reaching $130.58. The company's stock had a trading volume of 2,884,250 shares, compared to its average volume of 3,438,514. 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 twelve month low of $41.60 and a twelve month high of $130.65. The stock has a market capitalization of $74.74 billion, a PE ratio of 870.53 and a beta of 1.55. The firm has a fifty day moving average of $114.76 and a 200-day moving average of $98.81.

SEA (NYSE:SE - Get Free Report) last posted its 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 business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned ($0.26) EPS. The company's revenue was up 30.8% on a year-over-year basis. Equities analysts predict that Sea Limited will post 0.8 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on SE. Wedbush reaffirmed an "outperform" rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. TD Cowen upped their price target on shares of SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Barclays increased their price objective 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. Benchmark increased their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Phillip Securities reissued a "reduce" rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.21.

SEA 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.