IFM Investors Pty Ltd Buys 2,709 Shares of Sea Limited (NYSE:SE)

IFM Investors Pty Ltd grew its position in shares of Sea Limited (NYSE:SE) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,382 shares of the Internet company based in Singapore’s stock after acquiring an additional 2,709 shares during the quarter. IFM Investors Pty Ltd’s holdings in SEA were worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SE. Norges Bank bought a new position in shares of SEA during the fourth quarter valued at about $640,219,000. Baillie Gifford & Co. lifted its position in shares of SEA by 30.8% during the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after buying an additional 8,045,977 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of SEA by 12,344.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after buying an additional 2,634,327 shares during the last quarter. Eminence Capital LP purchased a new position in shares of SEA in the 4th quarter worth approximately $60,714,000. Finally, National Bank of Canada FI grew its holdings in shares of SEA by 201.0% in the fourth quarter. National Bank of Canada FI now owns 1,907,333 shares of the Internet company based in Singapore’s stock valued at $73,337,000 after acquiring an additional 1,273,767 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE:SE traded up $0.03 during midday trading on Friday, reaching $62.86. 4,641,521 shares of the company traded hands, compared to its average volume of 5,510,980. The firm’s fifty day moving average price is $54.59 and its two-hundred day moving average price is $45.19. The firm has a market capitalization of $35.50 billion, a price-to-earnings ratio of 261.92 and a beta of 1.50. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. Sea Limited has a 12 month low of $34.35 and a 12 month high of $88.39.

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

Analyst Upgrades and Downgrades

SE has been the topic of several research analyst reports. Benchmark boosted their price objective on SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Morgan Stanley upgraded shares of SEA from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, April 22nd. Barclays raised their price target on shares of SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, Daiwa Capital Markets upgraded SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

SEA 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.