Sea Limited (NYSE:SE) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its stake in shares of Sea Limited (NYSE:SE) by 46.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,048 shares of the Internet company based in Singapore’s stock after purchasing an additional 3,800 shares during the quarter. Investment Management Corp of Ontario’s holdings in SEA were worth $1,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Rosenberg Matthew Hamilton boosted its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the period. Truvestments Capital LLC acquired a new stake in SEA during the 3rd quarter valued at $41,000. SOA Wealth Advisors LLC. purchased a new stake in SEA during the 2nd quarter worth $32,000. Icon Wealth Advisors LLC acquired a new position in SEA in the 3rd quarter worth $47,000. Finally, Hexagon Capital Partners LLC boosted its position in SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Benchmark boosted their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. TD Cowen increased their price objective 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. Finally, Wedbush reissued 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Down 0.3 %

SEA stock opened at $117.09 on Friday. The firm has a market capitalization of $67.02 billion, a P/E ratio of 780.60 and a beta of 1.53. The company has a 50-day simple moving average of $102.41 and a 200-day simple moving average of $83.98. Sea Limited has a one year low of $34.35 and a one year high of $118.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 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 firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the business posted ($0.26) EPS. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited will post 0.81 earnings per share for the current 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.