TD Asset Management Inc Has $4.15 Million Position in Sea Limited (NYSE:SE)

TD Asset Management Inc lowered its position in Sea Limited (NYSE:SEFree Report) by 83.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,476 shares of the Internet company based in Singapore’s stock after selling 532,696 shares during the quarter. TD Asset Management Inc’s holdings in SEA were worth $4,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its stake in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock valued at $29,000 after buying an additional 320 shares during the period. UMB Bank n.a. increased its position in SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock valued at $32,000 after purchasing an additional 327 shares during the period. Blue Trust Inc. increased its position in SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 509 shares during the period. EverSource Wealth Advisors LLC increased its position in SEA by 38.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 394 shares during the period. Finally, Westpac Banking Corp acquired a new stake in SEA during the 4th quarter valued at approximately $133,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SE shares. TD Cowen increased their target price on shares of SEA from $52.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, May 15th. Sanford C. Bernstein increased their target price on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 target price on shares of SEA in a research report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $72.00 target price on shares of SEA in a research report on Tuesday, May 14th. Finally, Barclays raised their price objective on shares of SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.73.

Check Out Our Latest Analysis on SE

SEA Price Performance

Shares of SE opened at $71.99 on Friday. Sea Limited has a 12-month low of $34.35 and a 12-month high of $74.33. The business’s fifty day moving average is $63.11 and its 200 day moving average is $50.14. The company has a quick ratio of 1.44, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $41.20 billion, a P/E ratio of 1,439.80 and a beta of 1.53.

SEA (NYSE:SEGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the business posted $0.15 earnings per share. SEA’s revenue was up 22.8% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited will post 0.67 earnings per share for the current fiscal year.

SEA Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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