Ninety One UK Ltd Acquires 98,035 Shares of Sea Limited (NYSE:SE)

Ninety One UK Ltd lifted its holdings in Sea Limited (NYSE:SE) by 456.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 119,516 shares of the Internet company based in Singapore’s stock after acquiring an additional 98,035 shares during the quarter. Ninety One UK Ltd’s holdings in SEA were worth $4,840,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SE. Arisaig Partners Asia Pte Ltd. lifted its holdings in shares of SEA by 13.2% in the 1st quarter. Arisaig Partners Asia Pte Ltd. now owns 1,545,971 shares of the Internet company based in Singapore’s stock worth $190,835,000 after acquiring an additional 179,821 shares during the last quarter. Private Advisor Group LLC bought a new stake in SEA during the 1st quarter valued at $240,000. MetLife Investment Management LLC raised its holdings in SEA by 133.9% during the 1st quarter. MetLife Investment Management LLC now owns 26,200 shares of the Internet company based in Singapore’s stock valued at $3,138,000 after buying an additional 15,000 shares during the last quarter. APG Asset Management N.V. raised its holdings in SEA by 120.2% during the 1st quarter. APG Asset Management N.V. now owns 14,220 shares of the Internet company based in Singapore’s stock valued at $1,531,000 after buying an additional 7,763 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in SEA by 56.3% during the 1st quarter. Yousif Capital Management LLC now owns 15,740 shares of the Internet company based in Singapore’s stock valued at $1,885,000 after buying an additional 5,670 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Performance

Shares of SE stock opened at $56.31 on Friday. Sea Limited has a one year low of $34.35 and a one year high of $88.39. The company’s 50-day moving average is $52.49 and its 200 day moving average is $44.42. The company has a market capitalization of $31.80 billion, a price-to-earnings ratio of 234.63 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44.

SEA (NYSE:SE) last posted its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. SEA’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Sell-side analysts expect that Sea Limited will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HSBC upped their price target on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Wedbush upped their price target on shares of SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Barclays boosted their price objective on shares of SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, Sanford C. Bernstein boosted their price objective on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.77.

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 eSports operations.