Townsquare Capital LLC Acquires 9,893 Shares of Sea Limited (NYSE:SE)

Townsquare Capital LLC boosted its holdings in Sea Limited (NYSE:SE) by 85.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,424 shares of the Internet company based in Singapore’s stock after purchasing an additional 9,893 shares during the quarter. Townsquare Capital LLC’s holdings in SEA were worth $2,020,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Duquesne Family Office LLC bought a new position in SEA in the 2nd quarter worth about $4,778,000. WCM Investment Management LLC lifted its stake in shares of SEA by 35.9% in the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of SEA by 1.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after buying an additional 7,175 shares during the last quarter. Toronto Dominion Bank increased its position in shares of SEA by 28.2% during the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore’s stock valued at $63,776,000 after acquiring an additional 196,506 shares in the last quarter. Finally, Kaizen Investment Management Pte. Ltd. purchased a new position in SEA in the 3rd quarter worth approximately $587,544,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SE opened at $113.80 on Monday. The business has a 50-day simple moving average of $100.60 and a two-hundred day simple moving average of $82.83. The company has a quick ratio of 1.60, 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 $117.85. The stock has a market cap of $65.13 billion, a price-to-earnings ratio of 758.67 and a beta of 1.52.

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 the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company posted ($0.26) earnings per share. The company’s revenue was up 30.8% compared to the same quarter last year. On average, analysts expect that Sea Limited will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on SE. Bank of America lifted their target price on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Phillip Securities reissued a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark raised their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. TD Cowen boosted their price objective on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $90.00 in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA 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.