TD Private Client Wealth LLC Purchases 152 Shares of Sea Limited (NYSE:SE)

TD Private Client Wealth LLC boosted its position in Sea Limited (NYSE:SE) by 33.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 603 shares of the Internet company based in Singapore’s stock after buying an additional 152 shares during the period. TD Private Client Wealth LLC’s holdings in SEA were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Duquesne Family Office LLC bought a new position in shares of SEA during the second quarter worth approximately $4,778,000. WCM Investment Management LLC increased its stake in 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 worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in SEA by 1.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after acquiring an additional 7,175 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after acquiring an additional 196,506 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA during the 3rd quarter worth $587,544,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 1.6 %

Shares of NYSE SE opened at $114.66 on Tuesday. 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 1 year low of $34.35 and a 1 year high of $119.47. The company has a 50 day simple moving average of $105.21 and a 200 day simple moving average of $86.34. The firm has a market cap of $65.62 billion, a PE ratio of 764.40 and a beta of 1.53.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share 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 analyst estimates of $4.09 billion. During the same period in the previous year, the company posted ($0.26) EPS. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, research analysts forecast that Sea Limited will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SE shares. Bank of America boosted their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Barclays upped their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.