The Manufacturers Life Insurance Company Has $78.34 Million Stake in Sea Limited (NYSE:SE)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Sea Limited (NYSE:SE) by 5.4% in the second quarter, HoldingsChannel reports. The firm owned 1,096,878 shares of the Internet company based in Singapore’s stock after selling 62,788 shares during the period. The Manufacturers Life Insurance Company’s holdings in SEA were worth $78,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Baillie Gifford & Co. increased its holdings in SEA by 0.4% during the 2nd quarter. Baillie Gifford & Co. now owns 34,268,428 shares of the Internet company based in Singapore’s stock valued at $2,447,451,000 after purchasing an additional 148,980 shares in the last quarter. Kora Management LP increased its holdings in SEA by 9.4% during the 1st quarter. Kora Management LP now owns 4,637,500 shares of the Internet company based in Singapore’s stock valued at $249,080,000 after purchasing an additional 400,000 shares in the last quarter. Eminence Capital LP boosted its position in SEA by 45.2% in the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after buying an additional 1,408,314 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its position in SEA by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,744,416 shares of the Internet company based in Singapore’s stock valued at $201,113,000 after buying an additional 68,900 shares during the last quarter. Finally, Prudential PLC boosted its position in SEA by 6.7% in the 2nd quarter. Prudential PLC now owns 3,649,862 shares of the Internet company based in Singapore’s stock valued at $260,673,000 after buying an additional 229,500 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

SE stock opened at $94.31 on Friday. The business’s 50-day moving average price is $76.23 and its two-hundred day moving average price is $69.41. 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 market cap of $53.98 billion, a PE ratio of 1,886.20 and a beta of 1.51. Sea Limited has a 1-year low of $34.35 and a 1-year high of $96.09.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, research analysts forecast that Sea Limited will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the topic of a number of recent research reports. Dbs Bank reiterated a “hold” rating and issued a $75.00 price objective on shares of SEA in a research report on Friday, June 28th. Loop Capital increased their price objective on SEA from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Barclays increased their price objective on SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Citigroup decreased their price objective on SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Benchmark raised their price target on SEA from $87.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $80.92.

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.