Canada Pension Plan Investment Board grew its position in Sea Ltd (NYSE:SE) by 174.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,706 shares of the Internet company based in Singapore’s stock after purchasing an additional 340,006 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.16% of SEA worth $17,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TD Asset Management Inc. raised its stake in SEA by 13.1% during the 1st quarter. TD Asset Management Inc. now owns 164,496 shares of the Internet company based in Singapore’s stock valued at $3,869,000 after purchasing an additional 19,096 shares during the period. Manning & Napier Group LLC lifted its holdings in shares of SEA by 70.0% in the second quarter. Manning & Napier Group LLC now owns 2,802,275 shares of the Internet company based in Singapore’s stock worth $93,089,000 after buying an additional 1,153,575 shares in the last quarter. Royce & Associates LP purchased a new position in shares of SEA in the first quarter worth $2,540,000. Advisor Group Inc. boosted its position in shares of SEA by 7,676.9% during the second quarter. Advisor Group Inc. now owns 55,138 shares of the Internet company based in Singapore’s stock worth $1,832,000 after acquiring an additional 54,429 shares during the last quarter. Finally, Miura Global Management LLC bought a new position in shares of SEA during the first quarter worth $17,640,000. Institutional investors and hedge funds own 64.40% of the company’s stock.
NYSE SE opened at $30.34 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.87 and a debt-to-equity ratio of 0.40. Sea Ltd has a one year low of $10.52 and a one year high of $38.00. The stock has a 50 day moving average price of $33.88 and a 200-day moving average price of $28.88.
SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 20th. The Internet company based in Singapore reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.16. The company had revenue of $788.00 million for the quarter, compared to analysts’ expectations of $615.76 million. SEA had a negative net margin of 114.88% and a negative return on equity of 158.33%. SEA’s quarterly revenue was up 132.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.94) earnings per share. On average, sell-side analysts predict that Sea Ltd will post -3.33 earnings per share for the current fiscal year.
A number of analysts have issued reports on SE shares. Zacks Investment Research downgraded shares of SEA from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Credit Suisse Group set a $44.00 price target on shares of SEA and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Stifel Nicolaus increased their price objective on shares of SEA from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, August 21st. Citigroup set a $38.00 price objective on SEA and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Goldman Sachs Group raised SEA from a “neutral” rating to a “buy” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $41.67.
SEA Company Profile
Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.
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