Ninety One UK Ltd Grows Holdings in Sea Limited (NYSE:SE)

Ninety One UK Ltd boosted its holdings in shares of Sea Limited (NYSE:SE) by 1,673.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,243,888 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,173,738 shares during the period. Ninety One UK Ltd’s holdings in SEA were worth $131,977,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SE. Ninety One North America Inc. purchased a new position in shares of SEA during the fourth quarter valued at approximately $30,526,000. E. Ohman J or Asset Management AB bought a new position in SEA during the 4th quarter valued at approximately $2,101,000. Calamos Wealth Management LLC purchased a new position in SEA during the fourth quarter valued at $738,000. CENTRAL TRUST Co boosted its holdings in SEA by 55.2% in the fourth quarter. CENTRAL TRUST Co now owns 8,396 shares of the Internet company based in Singapore’s stock worth $891,000 after acquiring an additional 2,987 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in shares of SEA by 7.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,100 shares of the Internet company based in Singapore’s stock worth $2,133,000 after acquiring an additional 1,450 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE SE opened at $122.87 on Wednesday. Sea Limited has a 12-month low of $41.05 and a 12-month high of $126.12. The firm has a market capitalization of $70.32 billion, a price-to-earnings ratio of 819.14 and a beta of 1.55. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $113.50 and a 200 day moving average of $96.51.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned ($0.26) EPS. The company’s revenue was up 30.8% on a year-over-year basis. On average, research analysts anticipate that Sea Limited will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SE. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.