AIA Group Ltd Sells 390,371 Shares of Sea Limited (NYSE:SE)

AIA Group Ltd lowered its stake in shares of Sea Limited (NYSE:SE - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 796,632 shares of the Internet company based in Singapore's stock after selling 390,371 shares during the quarter. SEA comprises about 1.3% of AIA Group Ltd's holdings, making the stock its 18th largest position. AIA Group Ltd owned 0.14% of SEA worth $32,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in SEA by 135.7% during the first quarter. First Horizon Advisors Inc. now owns 495 shares of the Internet company based in Singapore's stock worth $43,000 after acquiring an additional 285 shares during the last quarter. Laffer Tengler Investments acquired a new stake in SEA during the 1st quarter worth approximately $66,000. Tyler Stone Wealth Management acquired a new position in SEA during the second quarter valued at approximately $33,000. Pinnacle Holdings LLC purchased a new stake in SEA during the first quarter worth approximately $68,000. Finally, Sunbelt Securities Inc. raised its stake 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 acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SE. Daiwa Capital Markets upgraded SEA from a "neutral" rating to a "buy" rating in a report on Friday, February 2nd. Bank of America upped their price target on SEA from $46.00 to $55.00 and gave the stock a "neutral" rating in a report on Tuesday, March 5th. Wedbush boosted their target price on shares of SEA from $45.00 to $72.00 and gave the stock an "outperform" rating in a research report 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 report on Thursday, March 14th. Finally, Benchmark boosted their price objective on shares of SEA from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $66.77.

SEA Stock Performance

SE stock traded up $0.68 during trading on Thursday, hitting $56.31. 5,535,864 shares of the company's stock traded hands, compared to its average volume of 6,539,075. The stock has a market capitalization of $31.80 billion, a price-to-earnings ratio of 234.63 and a beta of 1.50. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.39. The stock has a fifty day moving average price of $52.49 and a two-hundred day moving average price of $44.42. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

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