Swedbank AB Increases Stock Holdings in Sea Limited (NYSE:SE)

Swedbank AB grew its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 53.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,344 shares of the Internet company based in Singapore's stock after acquiring an additional 49,684 shares during the quarter. Swedbank AB's holdings in SEA were worth $13,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. grew its position in SEA by 15.5% in the third 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 acquiring an additional 5,295,590 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of 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 worth $1,971,303,000 after purchasing an additional 5,517,559 shares in the last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA during the 3rd quarter valued at about $587,544,000. Eminence Capital LP raised its holdings 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 buying an additional 1,408,314 shares in the last quarter. Finally, Prudential PLC lifted its position in SEA by 6.7% in 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 buying an additional 229,500 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of NYSE SE traded up $1.41 during mid-day trading on Wednesday, reaching $115.34. The company's stock had a trading volume of 1,249,741 shares, compared to its average volume of 5,365,341. The stock has a fifty day moving average of $98.75 and a two-hundred day moving average of $81.90. The firm has a market capitalization of $66.01 billion, a PE ratio of 759.40 and a beta of 1.52. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE - Get Free Report) last announced 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 analysts' consensus estimates of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The company's quarterly revenue was up 30.8% compared to the same quarter last year. During the same period last year, the business earned ($0.26) earnings per share. As a group, sell-side analysts anticipate that Sea Limited will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on SE shares. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark increased their price target on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Wedbush restated an "outperform" rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Company 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.