Sea Limited (NYSE:SE) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its stake in Sea Limited (NYSE:SE) by 95.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,558 shares of the Internet company based in Singapore’s stock after purchasing an additional 6,140 shares during the period. Nisa Investment Advisors LLC’s holdings in SEA were worth $1,332,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. WCM Investment Management LLC grew its position in shares of SEA by 35.9% during 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 during the last quarter. Perpetual Ltd grew its position in shares of SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after buying an additional 2,031,038 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in SEA by 1.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock worth $38,098,000 after purchasing an additional 7,175 shares during the last quarter. M&T Bank Corp grew its position in SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after purchasing an additional 71,214 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. acquired a new stake in shares of SEA in the third quarter valued at approximately $587,544,000. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Phillip Securities restated a “reduce” rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Benchmark raised their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. TD Cowen raised their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Finally, Barclays raised their price target on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.21.

SEA Trading Down 2.9 %

Shares of NYSE:SE opened at $114.32 on Tuesday. The stock has a market capitalization of $65.43 billion, a price-to-earnings ratio of 762.13 and a beta of 1.54. Sea Limited has a 1-year low of $38.10 and a 1-year high of $119.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a 50 day moving average price of $112.56 and a 200 day moving average price of $94.34.

SEA (NYSE:SE) last issued its 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 return on equity of 1.40% and a net margin of 0.64%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) earnings per share. On average, research analysts anticipate that Sea Limited will post 0.76 EPS for the current fiscal year.

About SEA

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.