15,870 Shares in Sea Limited (NYSE:SE) Acquired by Toronto Dominion Bank

Toronto Dominion Bank bought a new position in shares of Sea Limited (NYSE:SE) during the second quarter, HoldingsChannel reports. The fund bought 15,870 shares of the Internet company based in Singapore’s stock, valued at approximately $4,358,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SE. Qube Research & Technologies Ltd increased its position in SEA by 66.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 59,685 shares of the Internet company based in Singapore’s stock worth $16,390,000 after purchasing an additional 23,779 shares in the last quarter. Liberty Wealth Management LLC raised its position in shares of SEA by 732,166.7% in the 2nd quarter. Liberty Wealth Management LLC now owns 21,968 shares of the Internet company based in Singapore’s stock valued at $80,000 after purchasing an additional 21,965 shares in the last quarter. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of SEA in the 2nd quarter valued at approximately $1,217,000. Sit Investment Associates Inc. increased its holdings in shares of SEA by 59.4% in the 2nd quarter. Sit Investment Associates Inc. now owns 3,100 shares of the Internet company based in Singapore’s stock valued at $851,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in SEA by 203.7% during the 2nd quarter. Geode Capital Management LLC now owns 108,663 shares of the Internet company based in Singapore’s stock worth $29,369,000 after buying an additional 72,879 shares during the last quarter. 52.00% of the stock is owned by hedge funds and other institutional investors.

Shares of SE stock opened at $349.35 on Thursday. Sea Limited has a 12 month low of $155.10 and a 12 month high of $359.84. The company has a current ratio of 1.60, a quick ratio of 1.58 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $324.18 and a two-hundred day moving average of $281.81. The company has a market capitalization of $188.48 billion, a P/E ratio of -97.58 and a beta of 1.32.

SEA (NYSE:SE) last released its earnings results on Monday, August 16th. The Internet company based in Singapore reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by ($0.09). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.02 billion. SEA had a negative net margin of 26.46% and a negative return on equity of 64.29%. The firm’s quarterly revenue was up 158.6% on a year-over-year basis. During the same period last year, the business posted ($0.68) earnings per share. Sell-side analysts predict that Sea Limited will post -3.3 earnings per share for the current fiscal year.

SE has been the subject of a number of recent research reports. DZ Bank initiated coverage on SEA in a research note on Wednesday, September 29th. They set a “buy” rating and a $400.00 price objective for the company. Morgan Stanley boosted their price target on SEA from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, July 22nd. Citigroup upped their price objective on SEA from $320.00 to $335.00 and gave the company a “buy” rating in a report on Wednesday, August 18th. Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a report on Saturday, August 21st. Finally, New Street Research began coverage on SEA in a report on Friday, June 25th. They set a “buy” rating and a $325.00 target price for the company. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of “Buy” and a consensus target price of $287.77.

SEA Company 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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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