Sea Limited (NYSE:SE) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lowered its stake in shares of Sea Limited (NYSE:SE - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,650 shares of the Internet company based in Singapore's stock after selling 5,550 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in SEA were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC boosted its stake 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 purchasing an additional 5,517,559 shares during the period. Baillie Gifford & Co. boosted its stake in shares of SEA by 15.5% during the third quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the period. Eminence Capital LP lifted its stake in SEA by 45.2% in the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore's stock worth $322,993,000 after acquiring an additional 1,408,314 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in SEA in the second quarter worth about $99,989,000. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

NYSE:SE traded down $0.39 during trading hours on Friday, hitting $102.94. The company's stock had a trading volume of 6,440,721 shares, compared to its average volume of 5,415,043. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.48 and a current ratio of 1.62. The company has a market capitalization of $58.92 billion, a PE ratio of 686.27 and a beta of 1.52. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.52. The business's 50-day moving average is $93.93 and its two-hundred day moving average is $79.31.

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 firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm's revenue for the quarter was up 30.8% on a year-over-year basis. During the same period last year, the company posted ($0.26) EPS. As a group, research analysts anticipate that Sea Limited will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of a number of recent research reports. Benchmark boosted their target price on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday. Bank of America boosted their target price on shares of SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.54.

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.