Sea Limited (NYSE:SE) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Sea Limited (NYSE:SE) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,167,351 shares of the Internet company based in Singapore’s stock after acquiring an additional 43,047 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SEA were worth $110,058,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Baillie Gifford & Co. increased its position 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 acquiring an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of SEA by 35.9% in 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. Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA in the third quarter valued at approximately $587,544,000. Kora Management LP boosted its stake in shares of SEA by 9.4% in the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after purchasing an additional 400,000 shares during the period. Finally, Eminence Capital LP boosted its stake in shares of 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 valued at $322,993,000 after purchasing an additional 1,408,314 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 2.6 %

SE stock opened at $104.88 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.52. The company’s 50 day moving average is $92.92 and its two-hundred day moving average is $78.88. The stock has a market cap of $60.03 billion, a P/E ratio of 699.20 and a beta of 1.52.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.47% 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 period in the previous year, the business posted ($0.26) EPS. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. Research analysts expect that Sea Limited will post 0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SE. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays raised 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. Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup decreased their price target 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. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.69.

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.