Sea Limited (NYSE:SE) Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in Sea Limited (NYSE:SE - Free Report) by 15.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,539 shares of the Internet company based in Singapore's stock after selling 38,090 shares during the quarter. Janus Henderson Group PLC's holdings in SEA were worth $22,326,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in SEA in the 4th quarter valued at about $1,493,682,000. WCM Investment Management LLC raised its position 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 last quarter. Perpetual Ltd lifted its stake in shares of SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after buying an additional 2,031,038 shares during the period. Baillie Gifford & Co. boosted its position 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 worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. Finally, Capital Research Global Investors grew its stake 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 acquiring an additional 1,325,183 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the subject of several analyst reports. Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. UBS Group raised their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Benchmark upped their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Three investment 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.23.

SEA Stock Performance

Shares of NYSE:SE traded up $1.10 during trading on Monday, hitting $162.61. 3,967,211 shares of the company traded hands, compared to its average volume of 4,472,202. 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 business's fifty day moving average is $129.33 and its 200-day moving average is $120.85. The stock has a market capitalization of $95.80 billion, a price-to-earnings ratio of 1,084.07 and a beta of 1.70. Sea Limited has a one year low of $55.00 and a one year high of $165.31.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate 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 net margin of 0.64% and a return on equity of 1.40%. The firm's revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, equities analysts predict that Sea Limited will post 0.74 earnings per share for the current fiscal year.

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.