Plato Investment Management Ltd Invests $323,000 in Sea Limited (NYSE:SE)

Plato Investment Management Ltd purchased a new stake in Sea Limited (NYSE:SE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,425 shares of the Internet company based in Singapore’s stock, valued at approximately $323,000.

A number of other institutional investors have also recently added to or reduced their stakes in SE. Chase Investment Counsel Corp raised its stake in SEA by 68.0% during the third quarter. Chase Investment Counsel Corp now owns 21,889 shares of the Internet company based in Singapore’s stock worth $2,063,000 after purchasing an additional 8,862 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of SEA by 3.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,167,351 shares of the Internet company based in Singapore’s stock worth $110,058,000 after buying an additional 43,047 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after buying an additional 5,295,590 shares during the period. GSA Capital Partners LLP lifted its holdings in SEA by 249.5% in the third quarter. GSA Capital Partners LLP now owns 16,471 shares of the Internet company based in Singapore’s stock valued at $1,553,000 after acquiring an additional 11,758 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in SEA by 9.0% in the third quarter. Apollon Wealth Management LLC now owns 33,342 shares of the Internet company based in Singapore’s stock valued at $3,143,000 after acquiring an additional 2,763 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Price Performance

SEA stock opened at $102.94 on Friday. The company’s 50 day moving average is $93.93 and its two-hundred day moving average is $79.31. The firm has a market cap of $58.92 billion, a PE ratio of 686.27 and a beta of 1.52. The company has a quick ratio of 1.48, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52-week low of $34.35 and a 52-week high of $117.52.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (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 company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted ($0.26) earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, research analysts expect that Sea Limited will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SE shares. Bank of America raised their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Citigroup cut their price objective on SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Barclays upped their target price on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.54.

SEA Company Profile

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.