Sea Limited (NYSE:SE) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Sea Limited (NYSE:SE) by 31.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 534,100 shares of the Internet company based in Singapore’s stock after selling 241,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in SEA were worth $50,355,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. grew its position in SEA by 34.5% in the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore’s stock worth $98,000 after buying an additional 468 shares during the last quarter. California State Teachers Retirement System grew its position in SEA by 1.1% during the 1st quarter. California State Teachers Retirement System now owns 441,921 shares of the Internet company based in Singapore’s stock worth $23,736,000 after purchasing an additional 4,945 shares in the last quarter. iA Global Asset Management Inc. grew its position in SEA by 2.2% during the 1st quarter. iA Global Asset Management Inc. now owns 56,425 shares of the Internet company based in Singapore’s stock worth $3,031,000 after purchasing an additional 1,239 shares in the last quarter. Swedbank AB purchased a new position in SEA during the 1st quarter worth approximately $4,404,000. Finally, Cetera Advisors LLC purchased a new position in SEA during the 1st quarter worth approximately $230,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Up 1.6 %

SEA stock opened at $115.71 on Thursday. The firm has a market cap of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.85. The firm has a fifty day moving average price of $98.75 and a two-hundred day moving average price of $81.90.

SEA (NYSE:SE) last posted 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 the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm posted ($0.26) EPS. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, analysts forecast that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of several research analyst reports. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Bank of America lifted their price objective 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. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Finally, 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 research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.21.

About SEA

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.