CIBC Asset Management Inc Sells 14,450 Shares of Sea Limited (NYSE:SE)

CIBC Asset Management Inc trimmed its holdings in Sea Limited (NYSE:SEGet Rating) by 30.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,926 shares of the Internet company based in Singapore’s stock after selling 14,450 shares during the period. CIBC Asset Management Inc’s holdings in SEA were worth $3,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SE. Baillie Gifford & Co. lifted its position in shares of SEA by 72.9% during the first quarter. Baillie Gifford & Co. now owns 17,293,004 shares of the Internet company based in Singapore’s stock valued at $2,071,529,000 after purchasing an additional 7,293,025 shares in the last quarter. BlackRock Inc. lifted its position in shares of SEA by 60.5% during the fourth quarter. BlackRock Inc. now owns 8,869,621 shares of the Internet company based in Singapore’s stock valued at $1,984,223,000 after purchasing an additional 3,343,383 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of SEA by 107.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,275,503 shares of the Internet company based in Singapore’s stock valued at $512,163,000 after purchasing an additional 2,219,042 shares in the last quarter. Norges Bank purchased a new stake in SEA during the fourth quarter worth about $483,171,000. Finally, ARK Investment Management LLC increased its holdings in SEA by 301.6% during the first quarter. ARK Investment Management LLC now owns 2,630,041 shares of the Internet company based in Singapore’s stock worth $315,053,000 after buying an additional 1,975,207 shares during the last quarter. 90.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SE has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of SEA from $196.00 to $190.00 and set a “buy” rating for the company in a report on Tuesday, May 17th. CICC Research initiated coverage on shares of SEA in a report on Wednesday, April 27th. They set an “outperform” rating for the company. Cowen decreased their price objective on shares of SEA from $133.00 to $115.00 in a report on Wednesday, May 18th. Morgan Stanley restated a “buy” rating and set a $220.00 price objective on shares of SEA in a report on Friday, April 8th. Finally, HSBC decreased their price objective on shares of SEA from $150.00 to $145.00 in a report on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $197.94.

SEA Price Performance

Shares of NYSE:SE opened at $87.57 on Friday. The company has a 50 day moving average of $76.09 and a 200 day moving average of $100.06. The stock has a market cap of $48.84 billion, a P/E ratio of -21.62 and a beta of 1.60. Sea Limited has a 12 month low of $54.06 and a 12 month high of $372.70. The company has a current ratio of 2.02, a quick ratio of 2.00 and a debt-to-equity ratio of 0.66.

SEA (NYSE:SEGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The Internet company based in Singapore reported ($1.04) EPS for the quarter, beating the consensus estimate of ($1.06) by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.86 billion. SEA had a negative net margin of 19.85% and a negative return on equity of 35.06%. SEA’s revenue for the quarter was up 64.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.82) earnings per share. As a group, sell-side analysts forecast that Sea Limited will post -4.65 EPS for the current fiscal year.

About SEA

(Get Rating)

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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.

Read More

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited (NYSE:SEGet Rating).

Institutional Ownership by Quarter for SEA (NYSE:SE)

Receive News & Ratings for SEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEA and related companies with MarketBeat.com's FREE daily email newsletter.