Thornburg Investment Management Inc. Has $40.21 Million Stock Holdings in Sea Limited (NYSE:SE)

Thornburg Investment Management Inc. reduced its holdings in Sea Limited (NYSE:SE - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,991 shares of the Internet company based in Singapore's stock after selling 9,017 shares during the quarter. Thornburg Investment Management Inc. owned about 0.07% of SEA worth $40,211,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its holdings in SEA by 3.5% during the fourth quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC raised its position in SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after purchasing an additional 4,761,289 shares during the last quarter. Norges Bank bought a new position in SEA in the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors raised its position in SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SE. Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Loop Capital increased their price target on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $145.23.

SEA Stock Down 0.2%

Shares of SE traded down $0.28 during midday trading on Tuesday, hitting $162.44. The stock had a trading volume of 2,319,121 shares, compared to its average volume of 4,462,608. The company has a 50 day simple moving average of $130.74 and a two-hundred day simple moving average of $121.60. Sea Limited has a twelve month low of $55.00 and a twelve month high of $165.31. The firm has a market cap of $95.70 billion, a price-to-earnings ratio of 1,082.93 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned ($0.04) EPS. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. On average, analysts anticipate that Sea Limited will post 0.74 EPS for the current year.

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.