IFM Investors Pty Ltd Acquires 2,709 Shares of Sea Limited (NYSE:SE)

IFM Investors Pty Ltd raised its stake in shares of Sea Limited (NYSE:SE) by 3.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 72,382 shares of the Internet company based in Singapore’s stock after acquiring an additional 2,709 shares during the period. IFM Investors Pty Ltd’s holdings in SEA were worth $3,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted its holdings in SEA by 162.5% in the third quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore’s stock worth $189,000 after purchasing an additional 2,666 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of SEA by 42.7% in the 3rd quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock worth $96,000 after buying an additional 654 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of SEA by 7.5% in the 3rd quarter. ARK Investment Management LLC now owns 21,703 shares of the Internet company based in Singapore’s stock worth $954,000 after buying an additional 1,508 shares during the last quarter. Lakehouse Capital Pty Ltd grew its holdings in shares of SEA by 281.2% in the third quarter. Lakehouse Capital Pty Ltd now owns 112,383 shares of the Internet company based in Singapore’s stock worth $4,939,000 after acquiring an additional 82,905 shares during the period. Finally, Coronation Fund Managers Ltd. increased its position in SEA by 49.3% during the third quarter. Coronation Fund Managers Ltd. now owns 1,382,844 shares of the Internet company based in Singapore’s stock valued at $60,776,000 after acquiring an additional 456,810 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

NYSE:SE traded up $0.03 on Friday, reaching $62.86. 4,641,521 shares of the company’s stock traded hands, compared to its average volume of 5,510,980. The stock has a 50-day simple moving average of $54.59 and a 200-day simple moving average of $45.19. Sea Limited has a 12 month low of $34.35 and a 12 month high of $88.39. The firm has a market cap of $35.50 billion, a PE ratio of 261.92 and a beta of 1.50. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

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

Analysts Set New Price Targets

Several research analysts have issued reports on SE shares. Loop Capital raised SEA from a “hold” rating to a “buy” rating and raised their target price for the stock from $59.00 to $92.00 in a research report on Wednesday. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $70.00 in a report on Monday, April 22nd. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Wedbush increased their price target on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Finally, Sanford C. Bernstein boosted their price objective on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.00.

SEA 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.