Allspring Global Investments Holdings LLC Increases Stock Position in Sea Limited (NYSE:SE)

Allspring Global Investments Holdings LLC lifted its position in Sea Limited (NYSE:SE - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 785,720 shares of the Internet company based in Singapore's stock after purchasing an additional 42,452 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.14% of SEA worth $31,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in shares of SEA by 19.9% in the 3rd quarter. Baillie Gifford & Co. now owns 26,137,417 shares of the Internet company based in Singapore's stock valued at $1,148,739,000 after purchasing an additional 4,341,424 shares during the last quarter. Sands Capital Management LLC boosted its stake in SEA by 3.5% during the third quarter. Sands Capital Management LLC now owns 16,119,943 shares of the Internet company based in Singapore's stock worth $708,471,000 after buying an additional 542,996 shares during the period. BlackRock Inc. increased its position in shares of SEA by 1.6% during the first quarter. BlackRock Inc. now owns 15,214,991 shares of the Internet company based in Singapore's stock valued at $1,316,857,000 after acquiring an additional 245,289 shares during the last quarter. Norges Bank purchased a new stake in shares of SEA in the 4th quarter valued at approximately $237,386,000. Finally, Ward Ferry Management BVI Ltd raised its stake in shares of SEA by 13.2% in the 3rd quarter. Ward Ferry Management BVI Ltd now owns 4,419,441 shares of the Internet company based in Singapore's stock valued at $194,234,000 after acquiring an additional 514,455 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SE shares. Benchmark lifted their price objective on SEA from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Wedbush upped their price target on SEA from $45.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, March 5th. Morgan Stanley lifted their price objective on SEA from $47.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 6th. HSBC upped their target price on shares of SEA from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.29.

SEA Stock Performance

NYSE SE traded down $2.41 during trading hours on Friday, hitting $53.28. The company had a trading volume of 5,406,648 shares, compared to its average volume of 4,590,203. The business has a 50 day moving average of $51.50 and a 200-day moving average of $44.09. The company has a market cap of $30.09 billion, a PE ratio of 222.00 and a beta of 1.50. Sea Limited has a 1-year low of $34.35 and a 1-year 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 - Get Free Report) last announced its earnings results 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 firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. As a group, equities research analysts expect that Sea Limited will post 1.01 EPS for the current year.

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.