Healthcare of Ontario Pension Plan Trust Fund Trims Stock Position in Sea Limited (NYSE:SE)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Sea Limited (NYSE:SE) by 31.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 534,100 shares of the Internet company based in Singapore’s stock after selling 241,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.09% of SEA worth $50,355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kaizen Investment Management Pte. Ltd. acquired a new position in SEA during the 3rd quarter worth approximately $587,544,000. WCM Investment Management LLC lifted its stake in SEA by 35.9% in 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 in the last quarter. Baillie Gifford & Co. lifted its stake in SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after buying an additional 5,295,590 shares in the last quarter. Eminence Capital LP lifted its stake in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after buying an additional 1,408,314 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in SEA in the 2nd quarter valued at approximately $99,989,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SE shares. Phillip Securities reissued a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. TD Cowen increased their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Bank of America increased their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Stock Performance

Shares of NYSE SE opened at $115.71 on Thursday. The firm’s 50-day moving average price is $98.75 and its two-hundred day moving average price is $81.90. The stock has a market capitalization of $66.23 billion, a P/E ratio of 771.40 and a beta of 1.52. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.85.

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). The business had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The business’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the firm posted ($0.26) EPS. As a group, sell-side analysts forecast that Sea Limited will post 0.81 earnings per share for the current 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.