Swedbank AB boosted its position in Sea Limited (NYSE:SE - Free Report) by 82.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 262,084 shares of the Internet company based in Singapore's stock after purchasing an additional 118,740 shares during the quarter. Swedbank AB's holdings in SEA were worth $27,807,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. increased its stake in SEA by 15.5% in the 3rd 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. WCM Investment Management LLC raised its holdings in shares of 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 valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the 3rd quarter valued at approximately $587,544,000. Geode Capital Management LLC lifted its position in SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore's stock worth $283,543,000 after purchasing an additional 124,433 shares during the period. Finally, Perpetual Ltd increased its holdings in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.
SEA Trading Up 1.8 %
SE opened at $125.54 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $112.98 and a two-hundred day moving average price of $95.05. The company has a market cap of $71.85 billion, a P/E ratio of 837.27 and a beta of 1.54. Sea Limited has a 1-year low of $38.10 and a 1-year high of $125.69.
SEA (NYSE:SE - Get Free Report) last issued 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 firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company earned ($0.26) earnings per share. SEA's revenue for the quarter was up 30.8% compared to the same quarter last year. Analysts predict that Sea Limited will post 0.8 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the company 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 stock a "hold" rating in a research report on Wednesday, November 13th. Phillip Securities reiterated a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Wedbush restated an "outperform" rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.21.
View Our Latest Research Report on SEA
About SEA
(
Free Report)
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.
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