Kaizen Investment Management Pte. Ltd. Takes Position in Sea Limited (NYSE:SE)

Kaizen Investment Management Pte. Ltd. bought a new position in shares of Sea Limited (NYSE:SE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,231,908 shares of the Internet company based in Singapore’s stock, valued at approximately $587,544,000. SEA accounts for about 100.0% of Kaizen Investment Management Pte. Ltd.’s portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of SE. Baillie Gifford & Co. raised its holdings in SEA by 0.4% in the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after acquiring an additional 148,980 shares in the last quarter. Kora Management LP lifted its position in SEA by 9.4% in the first quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock worth $249,080,000 after purchasing an additional 400,000 shares during the period. Eminence Capital LP boosted its stake in SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after buying an additional 1,408,314 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its holdings in SEA by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after buying an additional 68,900 shares during the period. Finally, Prudential PLC raised its stake in shares of SEA by 6.7% in the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock valued at $260,673,000 after buying an additional 229,500 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Trading Up 0.9 %

SEA stock traded up $0.87 during midday trading on Thursday, hitting $100.26. 1,399,503 shares of the stock were exchanged, compared to its average volume of 5,499,718. Sea Limited has a 52 week low of $34.35 and a 52 week high of $101.60. The stock has a market capitalization of $57.38 billion, a PE ratio of -286.46 and a beta of 1.52. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41. The company has a fifty day simple moving average of $87.73 and a two-hundred day simple moving average of $74.68.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 EPS 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 business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited will post 0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on SE shares. TD Cowen upped their target price on shares of SEA from $64.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Barclays boosted their price target on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Bank of America upped their target price on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Wedbush restated an “outperform” rating and issued a $84.00 price target (up from $76.00) on shares of SEA in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.92.

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.