West Tower Group LLC Acquires 1,500 Shares of Sea Limited (NYSE:SE)

West Tower Group LLC increased its holdings in Sea Limited (NYSE:SE) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,000 shares of the Internet company based in Singapore’s stock after purchasing an additional 1,500 shares during the quarter. West Tower Group LLC’s holdings in SEA were worth $283,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Duquesne Family Office LLC acquired a new stake in SEA during the 2nd quarter worth about $4,778,000. WCM Investment Management LLC grew its holdings in 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 worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in SEA by 1.8% during 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 acquiring an additional 7,175 shares during the period. 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 worth $63,776,000 after acquiring an additional 196,506 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. acquired a new stake in SEA during the 3rd quarter worth about $587,544,000. Institutional investors own 59.53% of the company’s stock.

SEA Stock Up 0.8 %

SEA stock opened at $114.00 on Tuesday. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.85. The firm has a market capitalization of $65.25 billion, a price-to-earnings ratio of 760.00 and a beta of 1.52. 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 50 day simple moving average of $97.40 and a 200 day simple moving average of $81.22.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion for 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%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.26) earnings per share. On average, analysts predict that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

SE has been the subject of several research reports. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Phillip Securities restated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Benchmark raised their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Bank of America raised their target price on SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, 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 report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.21.

About SEA

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.