The Manufacturers Life Insurance Company Has $118 Million Stake in Sea Limited (NYSE:SE)

The Manufacturers Life Insurance Company lifted its stake in shares of Sea Limited (NYSE:SE) by 14.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,251,596 shares of the Internet company based in Singapore’s stock after buying an additional 154,718 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.22% of SEA worth $118,000,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SE. Rosenberg Matthew Hamilton increased its position in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after buying an additional 203 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the third quarter worth $41,000. SOA Wealth Advisors LLC. bought a new stake in SEA during the second quarter valued at approximately $32,000. Icon Wealth Advisors LLC purchased a new position in shares of SEA in the 3rd quarter worth about $47,000. Finally, Hexagon Capital Partners LLC boosted its position in SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Bank of America upped their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TD Cowen lifted their target price on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Wedbush reaffirmed an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Barclays boosted their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Performance

NYSE SE opened at $113.91 on Wednesday. The business’s 50-day moving average price is $98.08 and its 200 day moving average price is $81.55. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.85. The firm has a market cap of $65.20 billion, a P/E ratio of 759.40 and a beta of 1.52. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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