BOCHK Asset Management Ltd Boosts Stake in Sea Limited (NYSE:SE)

BOCHK Asset Management Ltd raised its position in shares of Sea Limited (NYSE:SE) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the Internet company based in Singapore’s stock after acquiring an additional 600 shares during the period. BOCHK Asset Management Ltd’s holdings in SEA were worth $265,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the third quarter worth about $587,544,000. WCM Investment Management LLC boosted its position 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 worth $1,971,303,000 after buying an additional 5,517,559 shares during the period. Baillie Gifford & Co. boosted its position in shares of 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 worth $3,730,096,000 after buying an additional 5,295,590 shares during the period. Perpetual Ltd boosted its position in shares of SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after buying an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd boosted its position in shares of SEA by 341.1% in 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 period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SE. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. 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. Finally, Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Trading Up 5.0 %

Shares of NYSE SE opened at $119.93 on Wednesday. The stock’s 50 day moving average price is $112.68 and its two-hundred day moving average price is $94.66. Sea Limited has a 52-week low of $38.10 and a 52-week high of $121.64. The stock has a market capitalization of $68.64 billion, a P/E ratio of 799.50 and a beta of 1.54. 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 posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same period last year, the company posted ($0.26) earnings per share. On average, analysts anticipate that Sea Limited will post 0.76 earnings per share for the current fiscal year.

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.