Sea Limited (NYSE:SE) Stock Position Lifted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Sea Limited (NYSE:SE) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 857,236 shares of the Internet company based in Singapore’s stock after purchasing an additional 18,976 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in SEA were worth $34,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in shares of SEA by 13.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,312 shares of the Internet company based in Singapore’s stock worth $157,000 after purchasing an additional 153 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SEA by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,613 shares of the Internet company based in Singapore’s stock worth $552,000 after purchasing an additional 178 shares in the last quarter. IFP Advisors Inc raised its stake in shares of SEA by 16.4% during the 2nd quarter. IFP Advisors Inc now owns 1,531 shares of the Internet company based in Singapore’s stock worth $89,000 after purchasing an additional 216 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of SEA by 2.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock valued at $546,000 after acquiring an additional 271 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of SEA by 135.7% during the 1st quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore’s stock valued at $43,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE:SE opened at $55.06 on Friday. Sea Limited has a 1-year low of $34.35 and a 1-year high of $88.39. The firm has a market capitalization of $31.10 billion, a PE ratio of 229.42 and a beta of 1.50. The business’s 50 day moving average is $52.72 and its 200-day moving average is $44.51. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last announced its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. SEA’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. Sell-side analysts predict that Sea Limited will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SE. Wedbush increased their price objective on SEA from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $43.00 to $70.00 in a report on Tuesday, March 5th. Bank of America raised their target price on SEA from $46.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. Barclays raised their target price on SEA from $59.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Finally, HSBC raised their target price on SEA from $70.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.77.

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 eSports operations.