Perpetual Ltd Purchases 2,031,038 Shares of Sea Limited (NYSE:SE)

Perpetual Ltd lifted its position in Sea Limited (NYSE:SE) by 3,033.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,098,003 shares of the Internet company based in Singapore’s stock after buying an additional 2,031,038 shares during the quarter. SEA accounts for approximately 2.6% of Perpetual Ltd’s portfolio, making the stock its 6th biggest position. Perpetual Ltd’s holdings in SEA were worth $222,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Duquesne Family Office LLC acquired a new position in SEA in the 2nd quarter valued at about $4,778,000. WCM Investment Management LLC raised its holdings in SEA by 35.9% in the third 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 buying an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of SEA by 1.8% in the third 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 stake in shares of SEA by 28.2% in 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 buying an additional 196,506 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of SEA by 2,163.9% during the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after purchasing an additional 71,214 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 3.1 %

Shares of SE stock opened at $115.13 on Tuesday. The company has a market capitalization of $65.89 billion, a P/E ratio of 767.53 and a beta of 1.54. Sea Limited has a 12-month low of $34.64 and a 12-month high of $119.47. The firm has a 50-day moving average price of $111.40 and a 200 day moving average price of $92.80. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (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 the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business earned ($0.26) EPS. SEA’s revenue was up 30.8% on a year-over-year basis. Research analysts forecast that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SE shares. Wedbush reiterated 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. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report 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 report on Thursday, November 14th. TD Cowen raised their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Finally, Bank of America increased their price target on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.