Mirae Asset Global Investments Co. Ltd. Lowers Stake in Sea Limited (NYSE:SE)

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Sea Limited (NYSE:SE - Free Report) by 21.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SE. Sunbelt Securities Inc. boosted its position in SEA by 91.4% in the third 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. boosted its position in 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 valued at $32,000 after buying an additional 327 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in SEA in the second quarter valued at approximately $33,000. Blue Trust Inc. boosted its position in SEA by 152.4% in the fourth quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore's stock valued at $36,000 after buying an additional 509 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in 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 valued at $43,000 after buying an additional 285 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Down 4.3 %

NYSE SE traded down $2.41 during mid-day trading on Friday, reaching $53.28. 5,406,648 shares of the stock were exchanged, compared to its average volume of 4,590,203. Sea Limited has a one year low of $34.35 and a one year high of $88.39. The stock has a 50 day simple moving average of $51.50 and a 200-day simple moving average of $44.10. The stock has a market cap of $30.09 billion, a P/E ratio of 222.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43.

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 for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a return on equity of 2.54% and a net margin of 1.27%. SEA's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. On average, analysts anticipate that Sea Limited will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SE shares. HSBC raised their target price on shares of SEA from $70.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Benchmark raised their price target on shares of SEA from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Sanford C. Bernstein raised their price target on shares of SEA from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, March 14th. Morgan Stanley raised their price target on shares of SEA from $47.00 to $65.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 6th. Finally, Citigroup raised shares of SEA from a "neutral" rating to a "buy" rating and raised their price target for the company from $44.00 to $50.00 in a research note on Thursday, February 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average price target 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.