Mirae Asset Global Investments Co. Ltd. Has $7 Million Stock Holdings in Sea Limited (NYSE:SE)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Sea Limited (NYSE:SE) by 21.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,780 shares of the Internet company based in Singapore’s stock after selling 46,782 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SEA were worth $6,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of SEA by 91.4% in the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. grew its stake in shares of SEA by 70.9% in the fourth quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after acquiring an additional 327 shares during the last quarter. Tyler Stone Wealth Management acquired a new stake in shares of SEA in the second quarter worth $33,000. Blue Trust Inc. grew its stake in shares of SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 509 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of SEA by 135.7% in the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock worth $43,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Down 4.3 %

Shares of NYSE SE opened at $53.28 on Friday. The stock has a market cap of $30.09 billion, a PE ratio of 222.00 and a beta of 1.50. The business has a fifty day moving average of $51.50 and a two-hundred day moving average of $44.09. Sea Limited has a 52-week low of $34.35 and a 52-week 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.

SEA (NYSE:SE) last issued its quarterly earnings data 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). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. As a group, equities research analysts expect that Sea Limited will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Barclays raised their price objective on shares of SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Morgan Stanley raised their price objective on shares of SEA from $47.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. Bank of America lifted their price target on shares of SEA from $46.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Finally, Daiwa Capital Markets upgraded shares of SEA from a “neutral” rating to a “buy” rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.77.

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.