Sea Limited (NYSE:SE) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in shares of Sea Limited (NYSE:SE) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,096 shares of the Internet company based in Singapore’s stock after acquiring an additional 893 shares during the period. Mackenzie Financial Corp’s holdings in SEA were worth $854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SE. Sunbelt Securities Inc. raised its position in SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. raised its position in shares of SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after buying an additional 327 shares during the last quarter. Blue Trust Inc. raised its position in shares of SEA by 152.4% in the fourth 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. EverSource Wealth Advisors LLC raised its position in shares of SEA by 90.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,020 shares of the Internet company based in Singapore’s stock valued at $45,000 after buying an additional 485 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of SEA by 42.7% in the third quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock valued at $96,000 after buying an additional 654 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SE shares. Sanford C. Bernstein boosted their price objective on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $70.00 in a research report on Monday. Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $65.00 to $70.00 in a research report on Monday. Citigroup raised shares of SEA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $50.00 in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.00.

SEA Price Performance

SE opened at $62.82 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. Sea Limited has a 52-week low of $34.35 and a 52-week high of $88.39. The company has a 50 day moving average of $53.85 and a two-hundred day moving average of $44.92. The company has a market cap of $35.48 billion, a P/E ratio of 261.75 and a beta of 1.50.

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 (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. SEA’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, analysts expect that Sea Limited will post 0.72 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 eSports operations.