Robeco Institutional Asset Management B.V. Raises Stake in Sea Limited (NYSE:SE)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Sea Limited (NYSE:SE) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 443,806 shares of the Internet company based in Singapore’s stock after buying an additional 39,710 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.08% of SEA worth $47,088,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Kaizen Investment Management Pte. Ltd. bought a new position in SEA during the third quarter valued at $587,544,000. WCM Investment Management LLC lifted its position in shares of SEA by 35.9% during the 3rd 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 buying an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. Perpetual Ltd increased its holdings in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the last quarter. Finally, CoreView Capital Management Ltd raised its stake in SEA by 341.1% in the 3rd 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 acquiring an additional 1,543,743 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Trading Up 2.3 %

Shares of SE opened at $122.26 on Thursday. Sea Limited has a 1-year low of $38.10 and a 1-year high of $122.77. The company has a market capitalization of $69.98 billion, a P/E ratio of 815.09 and a beta of 1.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The firm’s 50 day simple moving average is $112.84 and its 200 day simple moving average is $94.85.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business earned ($0.26) EPS. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. Sell-side analysts forecast that Sea Limited will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SE. Barclays lifted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Phillip Securities reiterated a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.21.

SEA Company Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.