Ninety One UK Ltd Acquires 98,035 Shares of Sea Limited (NYSE:SE)

Ninety One UK Ltd grew its holdings in shares of Sea Limited (NYSE:SE) by 456.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 119,516 shares of the Internet company based in Singapore’s stock after acquiring an additional 98,035 shares during the period. Ninety One UK Ltd’s holdings in SEA were worth $4,840,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SE. Baillie Gifford & Co. raised its stake 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 valued at $1,384,427,000 after acquiring an additional 8,045,977 shares during the last quarter. Norges Bank bought a new position in shares of SEA during the fourth quarter valued at $237,386,000. Assenagon Asset Management S.A. raised its stake 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 valued at $107,555,000 after acquiring an additional 2,634,327 shares during the last quarter. Capital International Investors increased its position in shares of SEA by 92.1% during the first quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore’s stock worth $409,473,000 after buying an additional 1,638,408 shares during the period. Finally, Altimeter Capital Management LP increased its position in shares of SEA by 128.0% during the first quarter. Altimeter Capital Management LP now owns 2,850,000 shares of the Internet company based in Singapore’s stock worth $131,784,000 after buying an additional 1,600,000 shares during the period. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SE. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Bank of America increased their price objective on shares of SEA from $46.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. HSBC increased their price objective on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Morgan Stanley raised their price target on shares of SEA from $47.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.77.

SEA Stock Up 1.2 %

SEA stock opened at $56.31 on Friday. Sea Limited has a 1-year low of $34.35 and a 1-year high of $88.39. The firm has a market capitalization of $31.80 billion, a price-to-earnings ratio of 234.63 and a beta of 1.50. The firm’s fifty day moving average price is $52.49 and its two-hundred day moving average price is $44.42. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last released its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Sea Limited will post 1.01 earnings per share 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 eSports operations.