Sumitomo Mitsui Trust Group Inc. Sells 154,315 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 13.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 990,178 shares of the Internet company based in Singapore's stock after selling 154,315 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of SEA worth $129,208,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SE. State of Wyoming boosted its position in shares of SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. lifted its position in SEA by 4.8% during the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after buying an additional 93 shares during the period. SOA Wealth Advisors LLC. lifted its position in SEA by 13.3% during the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after buying an additional 100 shares during the period. Covenant Partners LLC boosted its holdings in shares of SEA by 2.4% during the 4th quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore's stock valued at $451,000 after buying an additional 101 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays boosted their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $153.17.

SEA Trading Up 0.5%

Shares of NYSE:SE opened at $159.38 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65. The company has a market cap of $93.89 billion, a P/E ratio of 112.24 and a beta of 1.64. The stock's fifty day moving average price is $151.97 and its 200-day moving average price is $131.70.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted ($0.04) EPS. SEA's revenue was up 29.6% on a year-over-year basis. Sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA Company 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.

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