Toronto Dominion Bank Has $109.28 Million Stock Position in Sea Limited (NYSE:SE)

Toronto Dominion Bank cut its holdings in Sea Limited (NYSE:SE - Free Report) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,030,221 shares of the Internet company based in Singapore's stock after selling 49,042 shares during the quarter. Toronto Dominion Bank owned approximately 0.18% of SEA worth $109,280,000 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 SE. Norges Bank bought a new stake in shares of SEA during the fourth quarter worth about $1,493,682,000. WCM Investment Management LLC increased its stake in shares of SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after buying an additional 4,761,289 shares during the period. Baillie Gifford & Co. raised its position in shares of 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 worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of SEA by 19.5% in the fourth 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 acquiring an additional 1,325,183 shares during the period. Finally, Ninety One UK Ltd lifted its stake in shares of SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock worth $131,977,000 after acquiring an additional 1,173,738 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Trading Down 0.2%

Shares of SEA stock traded down $0.40 on Wednesday, reaching $164.84. 4,604,638 shares of the company's stock were exchanged, compared to its average volume of 4,445,739. The company has a market capitalization of $97.11 billion, a P/E ratio of 1,098.93 and a beta of 1.70. Sea Limited has a 52 week low of $55.00 and a 52 week high of $169.28. The firm's 50-day moving average is $134.34 and its two-hundred day moving average is $123.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE - Get Free Report) last posted 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 analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. SEA's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Sell-side analysts predict that Sea Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SE shares. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Benchmark increased their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Finally, Barclays increased their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.23.

SEA 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.