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

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

Several other large investors have also bought and sold shares of the business. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA during the 3rd quarter valued at $587,544,000. WCM Investment Management LLC grew its stake in shares of SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Baillie Gifford & Co. lifted its stake in SEA by 15.5% in 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 buying an additional 5,295,590 shares during the period. CoreView Capital Management Ltd boosted its holdings in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares during the last quarter. Finally, Eminence Capital LP increased its stake in shares of SEA by 45.2% in the 2nd 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 acquiring an additional 1,408,314 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America boosted their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 23rd. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Phillip Securities reissued a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Trading Down 1.8 %

SEA stock opened at $112.06 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm has a 50-day moving average of $103.54 and a 200-day moving average of $85.02. The company has a market cap of $64.14 billion, a price-to-earnings ratio of 747.07 and a beta of 1.53. Sea Limited has a one year low of $34.35 and a one year high of $119.47.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the business posted ($0.26) earnings per share. SEA’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

SEA Company 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.