WCM Investment Management LLC Buys 4,761,289 Shares of Sea Limited (NYSE:SE)

WCM Investment Management LLC boosted its stake in shares of Sea Limited (NYSE:SE) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,663,667 shares of the Internet company based in Singapore’s stock after buying an additional 4,761,289 shares during the period. SEA accounts for 6.5% of WCM Investment Management LLC’s investment portfolio, making the stock its largest position. WCM Investment Management LLC owned 4.48% of SEA worth $2,758,331,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Rosenberg Matthew Hamilton lifted its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of SEA in the 3rd quarter valued at $41,000. Icon Wealth Advisors LLC acquired a new position in shares of SEA in the 3rd quarter valued at $47,000. Geneos Wealth Management Inc. lifted its stake in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after purchasing an additional 513 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the topic of several recent analyst reports. TD Cowen upped their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays increased their target price on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, Phillip Securities reissued a “reduce” rating and set a $100.00 target price (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Price Performance

Shares of NYSE SE opened at $123.00 on Friday. Sea Limited has a 1-year low of $41.60 and a 1-year high of $126.35. The company has a market cap of $70.40 billion, a price-to-earnings ratio of 820.01 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock’s 50-day moving average is $113.97 and its two-hundred day moving average is $97.47.

SEA (NYSE:SE) last released its quarterly earnings data 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). SEA had a net margin of 0.64% and a return on equity of 1.40%. The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the company posted ($0.26) EPS. The company’s revenue was up 30.8% compared to the same quarter last year. Analysts forecast that Sea Limited will post 0.8 EPS for the current fiscal year.

SEA Profile

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.