Sea Limited (NYSE:SE) Position Lifted by WCM Investment Management LLC

WCM Investment Management LLC increased its position in shares of Sea Limited (NYSE:SE) by 22.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,663,667 shares of the Internet company based in Singapore’s stock after buying an additional 4,761,289 shares during the quarter. SEA accounts for about 6.5% of WCM Investment Management LLC’s holdings, making the stock its biggest position. WCM Investment Management LLC’s holdings in SEA were worth $2,758,331,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. lifted its holdings in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 150 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after buying an additional 152 shares during the period. Ballentine Partners LLC lifted its holdings in shares of SEA by 5.6% in the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after buying an additional 158 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock valued at $599,000 after buying an additional 160 shares during the period. Finally, Moseley Investment Management Inc. lifted its holdings in shares of SEA by 4.3% in the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after buying an additional 161 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the subject of several recent analyst reports. Benchmark raised their price target on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Barclays raised their price objective on SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Phillip Securities reaffirmed 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Price Performance

Shares of NYSE:SE opened at $123.00 on Friday. The company has a market cap of $70.40 billion, a P/E ratio of 820.01 and a beta of 1.55. 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 $41.60 and a 52 week high of $126.35. The business has a fifty day simple moving average of $113.97 and a 200-day simple moving average of $97.47.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) EPS. Equities research analysts forecast that Sea Limited will post 0.8 EPS for the current year.

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.