Sea Limited (NYSE:SE) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in Sea Limited (NYSE:SE - Free Report) by 18.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 108,316 shares of the Internet company based in Singapore's stock after selling 25,134 shares during the period. DekaBank Deutsche Girozentrale's holdings in SEA were worth $4,422,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SE. Sunbelt Securities Inc. boosted its holdings in shares of SEA by 91.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock valued at $29,000 after buying an additional 320 shares in the last quarter. UMB Bank n.a. raised its position in shares of SEA by 70.9% in the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock valued at $32,000 after purchasing an additional 327 shares during the last quarter. Tyler Stone Wealth Management purchased a new position in shares of SEA in the 2nd quarter valued at approximately $33,000. Blue Trust Inc. raised its position in shares of SEA by 152.4% in the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock valued at $36,000 after purchasing an additional 509 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of SEA by 135.7% in 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 purchasing an additional 285 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SE. Bank of America increased their price objective on shares of SEA from $46.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, March 5th. Daiwa Capital Markets raised shares of SEA from a "neutral" rating to a "buy" rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. raised shares of 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 research report on Tuesday, March 5th. Barclays increased their price objective on shares of SEA from $59.00 to $68.00 and gave the company an "overweight" rating in a research report on Tuesday, March 5th. Finally, HSBC raised their price target on shares of SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $68.29.

SEA Stock Performance

Shares of NYSE:SE traded down $2.43 during trading on Friday, hitting $53.26. 5,402,704 shares of the stock traded hands, compared to its average volume of 6,508,493. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. The company has a market cap of $30.08 billion, a price-to-earnings ratio of 221.92 and a beta of 1.50. The company has a fifty day moving average price of $51.50 and a two-hundred day moving average price of $44.06. Sea Limited has a 52-week low of $34.35 and a 52-week high of $88.39.

SEA (NYSE:SE - Get Free Report) last posted its earnings results 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 analysts' expectations of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. SEA's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. As a group, equities analysts predict that Sea Limited will post 1.01 EPS for the current year.

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.