Toronto Dominion Bank Acquires 186,294 Shares of Sea Limited (NYSE:SE)

Toronto Dominion Bank boosted its position in Sea Limited (NYSE:SE - Free Report) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,079,263 shares of the Internet company based in Singapore's stock after buying an additional 186,294 shares during the quarter. Toronto Dominion Bank owned 0.19% of SEA worth $101,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in SEA by 213.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after acquiring an additional 203 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in SEA in the second quarter worth about $32,000. Truvestments Capital LLC bought a new stake in SEA in the third quarter valued at about $41,000. Icon Wealth Advisors LLC acquired a new stake in SEA during the third quarter valued at approximately $47,000. Finally, First Horizon Advisors Inc. lifted its holdings in SEA by 248.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 700 shares of the Internet company based in Singapore's stock worth $66,000 after buying an additional 499 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 3.3 %

Shares of SE traded up $3.67 during mid-day trading on Wednesday, reaching $115.72. The company's stock had a trading volume of 1,562,896 shares, compared to its average volume of 5,305,966. Sea Limited has a 1 year low of $34.35 and a 1 year high of $119.47. The company has a market cap of $66.23 billion, a price-to-earnings ratio of 769.60 and a beta of 1.53. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $103.54 and a 200 day moving average of $85.02.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the business posted ($0.26) earnings per share. The business's revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SE shares. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Wedbush reissued an "outperform" rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reaffirmed 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, Benchmark increased their target price on shares of SEA from $94.00 to $130.00 and gave the company a "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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.21.

SEA 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.