Kaizen Investment Management Pte. Ltd. Takes Position in Sea Limited (NYSE:SE)

Kaizen Investment Management Pte. Ltd. bought a new position in Sea Limited (NYSE:SE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,231,908 shares of the Internet company based in Singapore’s stock, valued at approximately $587,544,000. SEA comprises about 100.0% of Kaizen Investment Management Pte. Ltd.’s portfolio, making the stock its biggest position. Kaizen Investment Management Pte. Ltd. owned approximately 1.09% of SEA at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SE. BOCHK Asset Management Ltd increased its position in shares of SEA by 280.0% in the third quarter. BOCHK Asset Management Ltd now owns 1,900 shares of the Internet company based in Singapore’s stock worth $179,000 after acquiring an additional 1,400 shares in the last quarter. IFM Investors Pty Ltd raised its stake in SEA by 0.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 71,778 shares of the Internet company based in Singapore’s stock valued at $6,767,000 after purchasing an additional 336 shares during the period. CENTRAL TRUST Co acquired a new stake in SEA during the 3rd quarter valued at $510,000. International Assets Investment Management LLC purchased a new stake in shares of SEA in the third quarter valued at $3,164,000. Finally, Bank Pictet & Cie Europe AG boosted its position in shares of SEA by 78.5% in the third quarter. Bank Pictet & Cie Europe AG now owns 24,843 shares of the Internet company based in Singapore’s stock worth $2,342,000 after buying an additional 10,923 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock traded up $0.87 during trading on Thursday, reaching $100.26. The company had a trading volume of 1,399,503 shares, compared to its average volume of 5,499,718. The firm’s 50 day simple moving average is $87.73 and its two-hundred day simple moving average is $74.68. Sea Limited has a one year low of $34.35 and a one year high of $101.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market capitalization of $57.38 billion, a PE ratio of -286.46 and a beta of 1.52.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business earned $0.54 EPS. The business’s revenue was up 23.0% compared to the same quarter last year. Sell-side analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SE shares. Benchmark upped their price target on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Wedbush reissued an “outperform” rating and set a $84.00 target price (up previously from $76.00) on shares of SEA in a research note on Tuesday, August 13th. Dbs Bank reaffirmed a “hold” rating and issued a $75.00 price target on shares of SEA in a research note on Friday, June 28th. Finally, Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.92.

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.