Truist Financial Corp Has $5.70 Million Stock Position in Sea Limited (NYSE:SE)

Truist Financial Corp grew its position in Sea Limited (NYSE:SE) by 41.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,737 shares of the Internet company based in Singapore’s stock after buying an additional 15,745 shares during the period. Truist Financial Corp’s holdings in SEA were worth $5,701,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its position in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of SEA in the 3rd quarter worth $41,000. Icon Wealth Advisors LLC bought a new position in shares of SEA in the 3rd quarter worth $47,000. Geneos Wealth Management Inc. boosted its position in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after purchasing an additional 513 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 152 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

NYSE:SE opened at $128.70 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The stock’s 50-day simple moving average is $117.34 and its 200 day simple moving average is $102.29. The company has a market cap of $73.66 billion, a P/E ratio of 858.00 and a beta of 1.55. Sea Limited has a 52-week low of $43.27 and a 52-week high of $139.18.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a research report on Monday, November 4th. TD Cowen lifted their target price on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Finally, Phillip Securities reiterated a “reduce” rating and set a $100.00 target price (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.21.

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.