C WorldWide Group Holding A S Sells 17,986 Shares of Sea Limited (NYSE:SE)

C WorldWide Group Holding A S lessened its stake in Sea Limited (NYSE:SE - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 319,561 shares of the Internet company based in Singapore's stock after selling 17,986 shares during the quarter. C WorldWide Group Holding A S owned 0.06% of SEA worth $12,942,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System increased its stake in SEA by 2.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore's stock valued at $546,000 after buying an additional 271 shares during the period. Sunbelt Securities Inc. increased its stake in shares of SEA by 91.4% during the 3rd 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 last quarter. UMB Bank n.a. increased its stake in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore's stock worth $32,000 after purchasing an additional 327 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of SEA by 4.3% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore's stock worth $381,000 after purchasing an additional 360 shares during the last quarter. Finally, Cigna Investments Inc. New increased its stake in shares of SEA by 6.0% during the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore's stock worth $288,000 after purchasing an additional 401 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

SE traded up $0.03 during midday trading on Friday, hitting $62.86. The company had a trading volume of 4,641,521 shares, compared to its average volume of 5,510,980. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 1.44. The company has a market capitalization of $35.50 billion, a PE ratio of 261.92 and a beta of 1.50. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39. The firm's 50-day simple moving average is $54.59 and its 200-day simple moving average is $45.19.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that Sea Limited will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SE. Sanford C. Bernstein increased their price target on shares of SEA from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, March 14th. Loop Capital upgraded shares of SEA from a "hold" rating to a "buy" rating and raised their target price for the company from $59.00 to $92.00 in a research note on Wednesday. Barclays raised their target price on shares of SEA from $59.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. Benchmark raised their target price 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. Finally, 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 note on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

SEA Company 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.