Mitsubishi UFJ Trust & Banking Corp Reduces Stake in Sea Limited (NYSE:SE)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Sea Limited (NYSE:SE) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 769,611 shares of the Internet company based in Singapore’s stock after selling 30,395 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SEA were worth $81,656,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SE. Keystone Investors PTE Ltd. boosted its stake in SEA by 11.0% in the fourth quarter. Keystone Investors PTE Ltd. now owns 932,634 shares of the Internet company based in Singapore’s stock valued at $98,952,000 after acquiring an additional 92,459 shares in the last quarter. GQG Partners LLC acquired a new stake in shares of SEA in the 4th quarter valued at about $28,588,000. Prudential Financial Inc. boosted its position in shares of SEA by 23.1% in the 4th quarter. Prudential Financial Inc. now owns 300,615 shares of the Internet company based in Singapore’s stock valued at $31,895,000 after purchasing an additional 56,431 shares during the period. LPL Financial LLC increased its position in SEA by 11.2% during the fourth quarter. LPL Financial LLC now owns 208,637 shares of the Internet company based in Singapore’s stock worth $22,136,000 after buying an additional 21,047 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in SEA during the fourth quarter worth approximately $1,717,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research report on Sunday. JPMorgan Chase & Co. raised their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group raised their price target on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Benchmark upped their price objective on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Stock Up 0.7 %

Shares of NYSE SE opened at $130.37 on Wednesday. The stock has a market capitalization of $74.62 billion, a price-to-earnings ratio of 869.13 and a beta of 1.62. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The firm has a 50-day moving average price of $126.16 and a 200 day moving average price of $110.59. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

About SEA

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.