Wilmington Savings Fund Society FSB Buys Shares of 3,074 Sea Limited (NYSE:SE)

Wilmington Savings Fund Society FSB bought a new stake in shares of Sea Limited (NYSE:SE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,074 shares of the Internet company based in Singapore’s stock, valued at approximately $290,000.

A number of other hedge funds have also made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the third quarter valued at approximately $587,544,000. WCM Investment Management LLC grew its position in shares of 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 purchasing an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of SEA by 15.5% in the third 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 in the last quarter. CoreView Capital Management Ltd grew its position in shares of SEA by 341.1% in the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. Finally, Eminence Capital LP grew its position in shares of SEA by 45.2% in the second 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 purchasing an additional 1,408,314 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Up 1.0 %

NYSE:SE opened at $115.78 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $105.21 and its two-hundred day moving average is $86.34. Sea Limited has a 52 week low of $34.35 and a 52 week high of $119.47. The stock has a market capitalization of $66.26 billion, a price-to-earnings ratio of 771.93 and a beta of 1.53.

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

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.