Baillie Gifford & Co. Purchases 8,045,977 Shares of Sea Limited (NYSE:SE)

Baillie Gifford & Co. grew its stake in shares of Sea Limited (NYSE:SE - Free Report) by 30.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,183,394 shares of the Internet company based in Singapore's stock after acquiring an additional 8,045,977 shares during the period. SEA comprises 1.1% of Baillie Gifford & Co.'s investment portfolio, making the stock its 22nd biggest position. Baillie Gifford & Co. owned approximately 6.05% of SEA worth $1,384,427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SE. First Horizon Advisors Inc. boosted its holdings in SEA by 135.7% in the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore's stock worth $43,000 after buying an additional 285 shares during the period. Laffer Tengler Investments purchased a new stake in SEA in the 1st quarter worth approximately $66,000. Tyler Stone Wealth Management purchased a new stake in SEA in the 2nd quarter worth approximately $33,000. Pinnacle Holdings LLC purchased a new stake in SEA in the 1st quarter worth approximately $68,000. Finally, Sunbelt Securities Inc. lifted its stake in SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after purchasing an additional 320 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Trading Up 1.9 %

Shares of SE stock traded up $1.05 on Tuesday, hitting $57.03. 3,828,931 shares of the company's stock traded hands, compared to its average volume of 6,593,050. The stock has a market capitalization of $32.21 billion, a price-to-earnings ratio of 237.63 and a beta of 1.50. Sea Limited has a one year low of $34.35 and a one year high of $88.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The company's fifty day simple moving average is $50.59 and its 200 day simple moving average is $43.79.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the business earned $0.72 EPS. SEA's revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Sea Limited will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SE shares. HSBC increased their target price on shares of SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Citigroup upgraded shares of SEA from a "neutral" rating to a "buy" rating and raised their price objective for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. Wedbush raised their price objective on shares of SEA from $45.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, March 5th. Sanford C. Bernstein raised their price objective on shares of SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $43.00 to $70.00 in a research report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $68.29.

About SEA

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 eSports operations.