iA Global Asset Management Inc. Grows Stock Holdings in Sea Limited (NYSE:SE)

iA Global Asset Management Inc. raised its holdings in Sea Limited (NYSE:SE) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,425 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,239 shares during the quarter. iA Global Asset Management Inc.’s holdings in SEA were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in SEA by 30.8% in the 4th quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of SEA by 27.2% during the 4th quarter. Handelsbanken Fonder AB now owns 90,802 shares of the Internet company based in Singapore’s stock valued at $3,677,000 after acquiring an additional 19,406 shares during the period. Syon Capital LLC acquired a new stake in shares of SEA during the 4th quarter valued at approximately $357,000. Wasatch Advisors LP lifted its position in shares of SEA by 3.2% during the 1st quarter. Wasatch Advisors LP now owns 1,544,492 shares of the Internet company based in Singapore’s stock valued at $82,955,000 after acquiring an additional 48,273 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of SEA by 18.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock valued at $10,862,000 after acquiring an additional 31,470 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SE. TD Cowen lifted their price target on shares of SEA from $52.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, May 15th. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Bank of America lifted their price objective on SEA from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $60.00 price objective on shares of SEA in a research report on Wednesday, May 15th. Finally, Dbs Bank restated a “hold” rating and set a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $73.71.

SEA Stock Down 5.3 %

SEA stock traded down $3.38 during trading on Friday, reaching $60.67. 3,998,734 shares of the company’s stock were exchanged, compared to its average volume of 5,856,137. Sea Limited has a 52-week low of $34.35 and a 52-week high of $76.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 1,281.00 and a beta of 1.51. The company’s 50-day moving average is $71.22 and its two-hundred day moving average is $59.51.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a return on equity of 0.80% and a net margin of 0.39%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company posted $0.15 EPS. SEA’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, analysts predict that Sea Limited will post 0.62 earnings per share for the current year.

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 promotes eSports operations.