Tokio Marine Asset Management Co. Ltd. Decreases Holdings in Sea Limited (NYSE:SE)

Tokio Marine Asset Management Co. Ltd. cut its stake in Sea Limited (NYSE:SE) by 22.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,650 shares of the Internet company based in Singapore’s stock after selling 5,550 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in SEA were worth $1,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in SEA by 6.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after purchasing an additional 180 shares during the last quarter. Canton Hathaway LLC increased its stake in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore’s stock worth $86,000 after buying an additional 200 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in SEA by 213.7% in the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in SEA by 0.7% during the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore’s stock valued at $2,068,000 after acquiring an additional 213 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in SEA by 5.2% during the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore’s stock worth $362,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen lifted their price target on shares of SEA from $69.00 to $100.00 and gave the company a “hold” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Finally, Bank of America increased their price target on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Two research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.54.

SEA Stock Down 1.6 %

SEA stock opened at $103.32 on Friday. Sea Limited has a 52 week low of $34.35 and a 52 week high of $117.52. The stock has a market cap of $59.13 billion, a price-to-earnings ratio of 688.80 and a beta of 1.52. The company’s 50-day moving average price is $93.42 and its two-hundred day moving average price is $79.05. The company has a current ratio of 1.62, a quick ratio of 1.48 and a debt-to-equity ratio of 0.36.

SEA (NYSE:SE) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) EPS. On average, analysts expect that Sea Limited will post 0.8 EPS for the current fiscal year.

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.