AIA Group Ltd Acquires 49,970 Shares of Sea Limited (NYSE:SE)

AIA Group Ltd boosted its holdings in Sea Limited (NYSE:SE) by 9.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 604,683 shares of the Internet company based in Singapore’s stock after buying an additional 49,970 shares during the quarter. SEA makes up approximately 1.5% of AIA Group Ltd’s investment portfolio, making the stock its 11th largest position. AIA Group Ltd’s holdings in SEA were worth $57,010,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Baillie Gifford & Co. raised its holdings in SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock worth $2,447,451,000 after purchasing an additional 148,980 shares during the last quarter. Kaizen Investment Management Pte. Ltd. bought a new position in SEA during the 3rd quarter worth approximately $587,544,000. Kora Management LP raised its holdings in SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after purchasing an additional 400,000 shares during the last quarter. 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 purchasing an additional 1,408,314 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its holdings in SEA by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock worth $201,113,000 after purchasing an additional 68,900 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

NYSE SE opened at $95.71 on Friday. The company has a fifty day simple moving average of $91.10 and a 200 day simple moving average of $77.68. Sea Limited has a 12-month low of $34.35 and a 12-month high of $101.93. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $54.78 billion, a P/E ratio of -273.46 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Benchmark raised their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Citigroup lowered their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday. Barclays lifted their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Bank of America lifted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

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.