Itau Unibanco Holding S.A. Acquires 1,000 Shares of Sea Limited (NYSE:SE)

Itau Unibanco Holding S.A. raised its holdings in Sea Limited (NYSE:SE) by 86.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,160 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,000 shares during the period. Itau Unibanco Holding S.A.’s holdings in SEA were worth $204,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SE. Kaizen Investment Management Pte. Ltd. purchased a new stake in SEA during the third quarter valued at about $587,544,000. WCM Investment Management LLC lifted its stake in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after acquiring an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares during the last quarter. Eminence Capital LP boosted its holdings in SEA by 45.2% during the 2nd quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock valued at $322,993,000 after acquiring an additional 1,408,314 shares during the period. Finally, Clearbridge Investments LLC bought a new position in SEA during the 2nd quarter worth approximately $99,989,000. Institutional investors own 59.53% of the company’s stock.

SEA Trading Up 2.0 %

SE stock opened at $115.48 on Wednesday. The company has a market capitalization of $66.09 billion, a PE ratio of 769.87 and a beta of 1.53. 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 Limited has a 12 month low of $34.35 and a 12 month high of $117.85. The firm’s 50-day moving average is $101.50 and its 200 day moving average is $83.51.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.26) EPS. On average, research analysts anticipate that Sea Limited will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Bank of America increased their price objective on SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays raised their price target on SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Phillip Securities reissued a “reduce” rating and set a $100.00 price objective (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $91.21.

SEA Profile

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 promotes eSports operations.