Toronto Dominion Bank Sells 49,042 Shares of Sea Limited (NYSE:SE)

Toronto Dominion Bank lowered its position in shares of Sea Limited (NYSE:SE - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,030,221 shares of the Internet company based in Singapore's stock after selling 49,042 shares during the period. Toronto Dominion Bank owned 0.18% of SEA worth $109,280,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its position in shares of SEA by 3.5% during the 4th 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 boosted its position in shares of SEA by 22.8% during the 4th 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 purchasing an additional 4,761,289 shares in the last quarter. Norges Bank bought a new position in shares of SEA during the 4th quarter valued at about $1,493,682,000. Capital Research Global Investors boosted its position in shares of SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of SEA by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of NYSE SE traded down $0.28 during midday trading on Tuesday, reaching $162.44. 2,319,121 shares of the company were exchanged, compared to its average volume of 4,462,608. The stock's 50-day moving average price is $130.74 and its 200-day moving average price is $121.60. Sea Limited has a one year low of $55.00 and a one year high of $165.31. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The stock has a market cap of $95.70 billion, a P/E ratio of 1,082.93 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SE. Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $145.23.

About SEA

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.