Sea Limited (NYSE:SE) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in shares of Sea Limited (NYSE:SE) by 50.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,194 shares of the Internet company based in Singapore’s stock after acquiring an additional 5,082 shares during the period. Blue Trust Inc.’s holdings in SEA were worth $1,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SE. Baillie Gifford & Co. grew its stake in shares of SEA by 15.5% during the 3rd 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 purchasing an additional 5,295,590 shares during the period. WCM Investment Management LLC grew its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares during the period. Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the third quarter valued at $587,544,000. Geode Capital Management LLC raised its position in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after acquiring an additional 124,433 shares during the period. Finally, Perpetual Ltd boosted its stake in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 2.9 %

Shares of SEA stock opened at $114.32 on Tuesday. Sea Limited has a 1-year low of $38.10 and a 1-year high of $119.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market cap of $65.43 billion, a P/E ratio of 762.13 and a beta of 1.54. The stock’s 50 day simple moving average is $112.56 and its 200-day simple moving average is $94.34.

SEA (NYSE:SE) last issued its earnings results 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 net margin of 0.64% and a return on equity of 1.40%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company earned ($0.26) earnings per share. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. Analysts predict that Sea Limited will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SE. Barclays lifted their price target on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Wedbush reaffirmed an “outperform” rating and set a $105.00 target price (up from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen lifted their price target 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. Benchmark upped 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. Finally, Phillip Securities reiterated a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.21.

About SEA

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.