The Manufacturers Life Insurance Company Has $47.50 Million Holdings in Sea Limited (NYSE:SE)

The Manufacturers Life Insurance Company cut its stake in shares of Sea Limited (NYSE:SEFree Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,172,828 shares of the Internet company based in Singapore’s stock after selling 64,714 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.21% of SEA worth $47,500,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Baillie Gifford & Co. lifted its holdings in shares of SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock valued at $1,384,427,000 after purchasing an additional 8,045,977 shares in the last quarter. Sands Capital Management LLC lifted its holdings in shares of SEA by 3.5% in the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore’s stock valued at $708,471,000 after purchasing an additional 542,996 shares in the last quarter. Norges Bank bought a new stake in shares of SEA in the fourth quarter valued at about $640,219,000. Ward Ferry Management BVI Ltd lifted its holdings in shares of SEA by 13.2% in the third quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore’s stock valued at $194,234,000 after purchasing an additional 514,455 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of SEA by 11.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock valued at $167,341,000 after purchasing an additional 420,802 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Up 1.4 %

Shares of NYSE:SE opened at $71.08 on Thursday. The business’s 50 day simple moving average is $62.76 and its 200 day simple moving average is $49.99. Sea Limited has a 1 year low of $34.35 and a 1 year high of $74.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.44. The company has a market capitalization of $40.68 billion, a P/E ratio of 1,421.60 and a beta of 1.53.

SEA (NYSE:SEGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, research analysts anticipate that Sea Limited will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SE shares. Wedbush restated an “outperform” rating and issued a $72.00 price target on shares of SEA in a report on Tuesday, May 14th. Benchmark upped their target price on SEA from $78.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Sanford C. Bernstein upped their target price on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Loop Capital upgraded SEA from a “hold” rating to a “buy” rating and upped their target price for the stock from $59.00 to $92.00 in a report on Wednesday, April 24th. Finally, Barclays upped their target price on SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.73.

View Our Latest Analysis on SEA

SEA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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