The Manufacturers Life Insurance Company Has $118 Million Stock Position in Sea Limited (NYSE:SE)

The Manufacturers Life Insurance Company boosted its holdings in Sea Limited (NYSE:SE - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,251,596 shares of the Internet company based in Singapore's stock after acquiring an additional 154,718 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.22% of SEA worth $118,000,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SE. Baillie Gifford & Co. grew its holdings in shares of 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 acquiring an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC increased its stake 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 worth $1,971,303,000 after purchasing an additional 5,517,559 shares in the last quarter. Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA during the 3rd quarter worth about $587,544,000. Eminence Capital LP raised its holdings in 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 worth $322,993,000 after buying an additional 1,408,314 shares during the period. Finally, Prudential PLC boosted its holdings in shares of SEA by 6.7% in the second 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 period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SE has been the subject of several research analyst reports. Wedbush restated an "outperform" rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Finally, Bank of America raised their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $91.21.

SEA Stock Up 1.6 %

SE stock traded up $1.78 during trading hours on Wednesday, hitting $115.71. The company's stock had a trading volume of 2,985,891 shares, compared to its average volume of 5,374,637. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The stock has a 50 day moving average price of $98.75 and a two-hundred day moving average price of $81.90. The company has a market capitalization of $66.23 billion, a PE ratio of 759.40 and a beta of 1.52.

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 the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.26) earnings per share. On average, equities research analysts expect that Sea Limited will post 0.81 earnings per share for the current 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.