Sea Limited (NYSE:SE) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. decreased its position in Sea Limited (NYSE:SE) by 68.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,860 shares of the Internet company based in Singapore’s stock after selling 6,082 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in SEA were worth $116,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised its position in shares of SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock worth $107,555,000 after purchasing an additional 2,634,327 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of SEA by 17.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore’s stock worth $66,411,000 after purchasing an additional 222,777 shares during the period. Untitled Investments LP raised its position in shares of SEA by 56.1% during the third quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore’s stock worth $12,503,000 after purchasing an additional 102,280 shares during the period. Baillie Gifford & Co. raised its position in shares of SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after purchasing an additional 8,045,977 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after purchasing an additional 320 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE stock opened at $55.06 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $88.39. The stock’s 50-day moving average is $52.72 and its two-hundred day moving average is $44.50. The firm has a market cap of $31.10 billion, a P/E ratio of 229.42 and a beta of 1.50.

SEA (NYSE:SE) last issued its earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts predict that Sea Limited will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SE shares. Benchmark boosted their target price on SEA from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. HSBC boosted their target price on SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Citigroup raised SEA from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, Daiwa Capital Markets raised SEA from a “neutral” rating to a “buy” rating in a research report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus target price of $66.77.

SEA Company 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 eSports operations.