M&T Bank Corp increased its holdings in Sea Limited (NYSE:SE - Free Report) by 2,163.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,505 shares of the Internet company based in Singapore's stock after buying an additional 71,214 shares during the quarter. M&T Bank Corp's holdings in SEA were worth $7,024,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Duquesne Family Office LLC purchased a new stake in shares of SEA in the 2nd quarter worth $4,778,000. WCM Investment Management LLC grew its holdings in SEA by 35.9% during the third 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 purchasing an additional 5,517,559 shares during the period. Robeco Institutional Asset Management B.V. increased its position in SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock worth $38,098,000 after buying an additional 7,175 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of SEA by 28.2% in the second quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore's stock worth $63,776,000 after buying an additional 196,506 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. purchased a new position in shares of SEA during the 3rd quarter valued at about $587,544,000. 59.53% of the stock is currently owned by institutional investors.
Shares of NYSE SE opened at $110.64 on Monday. The stock has a market capitalization of $63.32 billion, a price-to-earnings ratio of 737.60 and a beta of 1.53. Sea Limited has a 12-month low of $34.35 and a 12-month high of $119.47. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average price is $106.46 and its 200-day moving average price is $87.43.
SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA's revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.26) earnings per share. On average, equities research analysts anticipate that Sea Limited will post 0.81 EPS for the current fiscal year.
A number of equities research analysts have commented on SE shares. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. Wedbush restated an "outperform" rating and set a $105.00 price objective (up from $84.00) on shares of SEA in a research report on Monday, November 4th. Phillip Securities reaffirmed a "reduce" rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. TD Cowen raised their price target on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, Bank of America upped their price objective on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average price target of $91.21.
Read Our Latest Stock Analysis on SE
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.
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