Sumitomo Mitsui Trust Holdings Inc. Increases Stock Position in Sea Limited (NYSE:SE)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 857,236 shares of the Internet company based in Singapore's stock after buying an additional 18,976 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.15% of SEA worth $34,718,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SE. Assenagon Asset Management S.A. boosted its holdings in shares of SEA by 12,344.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore's stock worth $107,555,000 after purchasing an additional 2,634,327 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 17.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore's stock worth $66,411,000 after purchasing an additional 222,777 shares during the period. Untitled Investments LP boosted its holdings in shares of SEA by 56.1% during the third quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore's stock worth $12,503,000 after purchasing an additional 102,280 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of SEA by 30.8% during the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore's stock worth $1,384,427,000 after purchasing an additional 8,045,977 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of SEA by 91.4% during the third quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore's stock worth $29,000 after purchasing an additional 320 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Down 2.2 %

Shares of NYSE SE traded down $1.24 on Friday, reaching $55.06. 3,651,154 shares of the company's stock traded hands, compared to its average volume of 4,914,878. Sea Limited has a 12 month low of $34.35 and a 12 month high of $88.39. The business's 50 day simple moving average is $52.72 and its two-hundred day simple moving average is $44.53. The company has a market cap of $31.10 billion, a price-to-earnings ratio of 229.42 and a beta of 1.50. 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 posted its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). SEA had a net margin of 1.27% and a return on equity of 2.54%. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.57 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that Sea Limited will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Benchmark increased their target price on shares of SEA from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Morgan Stanley increased their price target on shares of SEA from $47.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 6th. Citigroup raised shares of SEA from a "neutral" rating to a "buy" rating and increased their price target for the stock from $44.00 to $50.00 in a research note on Thursday, February 1st. HSBC increased their price target 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. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $43.00 to $70.00 in a research note on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $66.77.

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.