Sea Limited (NYSE:SE) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in shares of Sea Limited (NYSE:SE) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 33,493 shares of the Internet company based in Singapore’s stock after buying an additional 961 shares during the quarter. CIBC Asset Management Inc’s holdings in SEA were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of SEA in the fourth quarter valued at about $640,219,000. Eminence Capital LP acquired a new position in SEA in the 4th quarter valued at about $60,714,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in SEA during the 1st quarter valued at approximately $60,171,000. Assenagon Asset Management S.A. lifted its position in SEA by 38.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,667,085 shares of the Internet company based in Singapore’s stock worth $196,959,000 after acquiring an additional 1,011,417 shares during the period. Finally, Tree Line Advisors Hong Kong Ltd. purchased a new position in shares of SEA in the 1st quarter valued at approximately $48,876,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SE stock opened at $78.72 on Friday. The company has a market cap of $45.05 billion, a price-to-earnings ratio of 1,574.40 and a beta of 1.51. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $72.13 and a 200-day moving average of $65.57. Sea Limited has a 12-month low of $34.35 and a 12-month high of $83.69.

SEA (NYSE:SE) last released 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). The business had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. SEA’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, equities analysts expect that Sea Limited will post 0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SE shares. Loop Capital upped their price target on SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $60.00 target price on shares of SEA in a report on Wednesday, May 15th. Wedbush reissued an “outperform” rating and set a $84.00 price target (up from $76.00) on shares of SEA in a report on Tuesday, August 13th. Finally, Benchmark lifted their price objective on SEA from $87.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average price target of $80.00.

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.