Canada Pension Plan Investment Board Trims Stock Position in Sea Limited (NYSE:SE)

Canada Pension Plan Investment Board lowered its stake in shares of Sea Limited (NYSE:SE) by 66.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 834,800 shares of the Internet company based in Singapore’s stock after selling 1,678,123 shares during the period. Canada Pension Plan Investment Board owned about 0.15% of SEA worth $44,837,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SE. Blue Trust Inc. raised its stake in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 509 shares during the last quarter. Cigna Investments Inc. New increased its stake in shares of SEA by 6.0% in the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock valued at $288,000 after purchasing an additional 401 shares in the last quarter. UMB Bank n.a. increased its stake in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares in the last quarter. KG&L Capital Management LLC purchased a new position in shares of SEA in the 4th quarter valued at about $550,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of SEA by 4.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 144,263 shares of the Internet company based in Singapore’s stock valued at $5,822,000 after purchasing an additional 5,701 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SE. Bank of America lifted their price target on SEA from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Loop Capital lifted their price target on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen lifted their price target on SEA from $52.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 price objective on shares of SEA in a report on Wednesday, May 15th. Finally, Citigroup lowered their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.53.

SEA Trading Up 1.9 %

Shares of SEA stock opened at $65.34 on Friday. The stock has a market cap of $37.40 billion, a P/E ratio of 1,306.80 and a beta of 1.51. The stock’s 50 day simple moving average is $71.69 and its 200-day simple moving average is $58.91. Sea Limited has a 1-year low of $34.35 and a 1-year high of $76.60. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44.

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

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 promotes eSports operations.