Baillie Gifford & Co. Acquires 5,295,590 Shares of Sea Limited (NYSE:SE)

Baillie Gifford & Co. grew its position in shares of Sea Limited (NYSE:SE) by 15.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,564,018 shares of the Internet company based in Singapore’s stock after purchasing an additional 5,295,590 shares during the quarter. SEA makes up about 2.8% of Baillie Gifford & Co.’s portfolio, making the stock its 9th biggest holding. Baillie Gifford & Co. owned 0.07% of SEA worth $3,730,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of SEA by 6.6% in the 1st quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore’s stock worth $41,122,000 after acquiring an additional 47,150 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in SEA by 63.9% in the first quarter. QRG Capital Management Inc. now owns 39,859 shares of the Internet company based in Singapore’s stock valued at $2,141,000 after purchasing an additional 15,547 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in SEA during the 1st quarter worth $226,000. State Board of Administration of Florida Retirement System lifted its position in SEA by 11.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock valued at $1,161,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in shares of SEA during the first quarter worth about $527,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of research analyst reports. Bank of America upped their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Wedbush reiterated an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Barclays increased their price objective on SEA from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Finally, TD Cowen boosted their target price on SEA from $64.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.54.

SEA Price Performance

SEA stock opened at $97.46 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $91.78 and its 200 day simple moving average is $78.38. Sea Limited has a 52 week low of $34.35 and a 52 week high of $101.93. The firm has a market capitalization of $55.78 billion, a PE ratio of -278.46 and a beta of 1.52.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities research analysts predict that Sea Limited will post 0.77 EPS for the current fiscal 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.