Canada Pension Plan Investment Board Acquires 30,000 Shares of Sea Limited (NYSE:SE)

Canada Pension Plan Investment Board increased its stake in shares of Sea Limited (NYSE:SE) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 864,800 shares of the Internet company based in Singapore’s stock after buying an additional 30,000 shares during the period. Canada Pension Plan Investment Board owned 0.15% of SEA worth $61,764,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canton Hathaway LLC lifted its stake in shares of SEA by 20.0% during the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock valued at $86,000 after acquiring an additional 200 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of SEA by 0.7% in the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after purchasing an additional 213 shares during the last quarter. Parallel Advisors LLC grew its position in shares of SEA by 5.2% during the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after buying an additional 250 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of SEA by 63.1% during the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock worth $47,000 after buying an additional 253 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in SEA by 121.3% in the first quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock valued at $33,000 after buying an additional 336 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Trading Up 0.8 %

Shares of NYSE:SE opened at $85.71 on Friday. The company’s 50-day moving average price is $73.90 and its two-hundred day moving average price is $68.20. Sea Limited has a one year low of $34.35 and a one year high of $86.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a market capitalization of $49.06 billion, a PE ratio of 1,714.20 and a beta of 1.51.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities analysts forecast that Sea Limited will post 0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Loop Capital increased their target price on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Citigroup decreased their target price on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Dbs Bank reiterated a “hold” rating and issued a $75.00 price target on shares of SEA in a research report on Friday, June 28th. Finally, Barclays boosted their price objective on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $80.00.

SEA 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.