Sea Limited (NYSE:SE) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in shares of Sea Limited (NYSE:SE) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 404,096 shares of the Internet company based in Singapore’s stock after acquiring an additional 7,175 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of SEA worth $38,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the 3rd quarter worth about $587,544,000. 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. Clearbridge Investments LLC purchased a new position in shares of SEA in the second quarter valued at approximately $99,989,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of SEA in the first quarter valued at approximately $60,171,000. Finally, Los Angeles Capital Management LLC increased its stake in SEA by 10,373.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,035,722 shares of the Internet company based in Singapore’s stock worth $73,971,000 after buying an additional 1,025,833 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on SE. Barclays boosted their price target on shares of SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Wedbush restated an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday. Finally, Benchmark lifted their price target on shares of SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Price Performance

Shares of NYSE:SE opened at $95.75 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited has a 12 month low of $34.35 and a 12 month high of $101.93. The firm has a market capitalization of $54.80 billion, a P/E ratio of -273.57 and a beta of 1.52. The company’s fifty day moving average price is $90.45 and its 200 day moving average price is $77.43.

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

About SEA

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.