Sea Limited (NYSE:SE) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in shares of Sea Limited (NYSE:SE) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,251,596 shares of the Internet company based in Singapore’s stock after purchasing an additional 154,718 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SEA were worth $118,000,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Duquesne Family Office LLC bought a new stake in shares of SEA in the 2nd quarter worth about $4,778,000. WCM Investment Management LLC raised its position in shares of SEA by 35.9% during the 3rd 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 acquiring an additional 5,517,559 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of SEA by 1.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock worth $38,098,000 after buying an additional 7,175 shares during the period. Toronto Dominion Bank grew its holdings in SEA by 28.2% during the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after purchasing an additional 196,506 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA in the third quarter worth $587,544,000. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. TD Cowen lifted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Bank of America increased their price objective on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Phillip Securities reiterated a “reduce” rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.21.

SEA Stock Down 0.1 %

SE stock opened at $113.91 on Wednesday. The company’s 50 day moving average is $98.08 and its two-hundred day moving average is $81.55. The stock has a market cap of $65.20 billion, a P/E ratio of 759.40 and a beta of 1.52. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.85. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36.

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 analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. During the same period last year, the company posted ($0.26) earnings per share. The business’s quarterly revenue was up 30.8% on a year-over-year basis. Research analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

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 promotes eSports operations.