Townsquare Capital LLC Acquires 9,893 Shares of Sea Limited (NYSE:SE)

Townsquare Capital LLC lifted its stake in Sea Limited (NYSE:SE) by 85.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,424 shares of the Internet company based in Singapore’s stock after buying an additional 9,893 shares during the quarter. Townsquare Capital LLC’s holdings in SEA were worth $2,020,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SE. Duquesne Family Office LLC purchased a new stake in SEA in the 2nd quarter worth $4,778,000. WCM Investment Management LLC lifted its position in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in SEA by 1.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after buying an additional 7,175 shares during the last quarter. Toronto Dominion Bank grew its holdings in SEA by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after buying an additional 196,506 shares in the last quarter. Finally, Kaizen Investment Management Pte. Ltd. bought a new stake in SEA in the 3rd quarter worth approximately $587,544,000. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SE. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays increased their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Benchmark boosted their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Down 1.7 %

Shares of SE opened at $113.80 on Monday. The firm has a fifty day moving average price of $100.60 and a 200-day moving average price of $82.83. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $65.13 billion, a P/E ratio of 758.67 and a beta of 1.52. Sea Limited has a 12-month low of $34.35 and a 12-month high of $117.85.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company 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 quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the firm earned ($0.26) earnings per share. Equities research analysts expect 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.