WCM Investment Management LLC increased its holdings in Sea Limited (NYSE:SE - Free Report) by 22.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,663,667 shares of the Internet company based in Singapore's stock after acquiring an additional 4,761,289 shares during the period. SEA makes up about 6.5% of WCM Investment Management LLC's holdings, making the stock its largest holding. WCM Investment Management LLC owned approximately 4.48% of SEA worth $2,758,331,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rosenberg Matthew Hamilton increased its position in shares of SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Truvestments Capital LLC acquired a new stake in SEA during the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC acquired a new stake in SEA during the third quarter worth approximately $47,000. Geneos Wealth Management Inc. increased its stake in shares of SEA by 4,663.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after acquiring an additional 513 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 152 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on SE shares. Phillip Securities reissued a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Barclays lifted their price target on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Dbs Bank upgraded SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Wedbush reissued an "outperform" rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Finally, TD Cowen increased their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $91.21.
Get Our Latest Research Report on SEA
SEA Price Performance
SE stock traded up $0.87 during midday trading on Wednesday, reaching $130.58. The company had a trading volume of 2,884,250 shares, compared to its average volume of 3,438,514. The stock has a 50 day moving average price of $114.76 and a 200-day moving average price of $98.81. The company has a market capitalization of $74.74 billion, a price-to-earnings ratio of 870.53 and a beta of 1.55. 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 Limited has a 1-year low of $41.60 and a 1-year high of $130.65.
SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) 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 return on equity of 1.40% and a net margin of 0.64%. The firm's revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.26) earnings per share. Equities research analysts expect that Sea Limited will post 0.8 earnings per share for the current year.
SEA Company Profile
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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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