HighVista Strategies LLC Purchases 600 Shares of Sea Limited (NYSE:SE)

HighVista Strategies LLC boosted its holdings in shares of Sea Limited (NYSE:SE) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 19,941 shares of the Internet company based in Singapore’s stock after buying an additional 600 shares during the period. HighVista Strategies LLC’s holdings in SEA were worth $1,880,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its stake in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of SEA by 35.9% in 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. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA in the 3rd quarter valued at $587,544,000. Eminence Capital LP boosted its holdings in shares of SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. Finally, Prudential PLC grew its position in SEA by 6.7% during the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock worth $260,673,000 after acquiring an additional 229,500 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SE shares. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen increased 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. Phillip Securities reissued a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Bank of America lifted their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $105.00 target price (up from $84.00) on shares of SEA in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Trading Down 0.5 %

NYSE SE opened at $113.24 on Tuesday. The firm has a market capitalization of $64.81 billion, a P/E ratio of 754.93 and a beta of 1.53. The business has a fifty day simple moving average of $101.05 and a 200 day simple moving average of $83.22. Sea Limited has a 12 month low of $34.35 and a 12 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 announced 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 analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) EPS. On average, analysts predict that Sea Limited will post 0.81 EPS 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.