Mitsubishi UFJ Trust & Banking Corp Trims Stock Position in Sea Limited (NYSE:SE)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Sea Limited (NYSE:SE) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 769,611 shares of the Internet company based in Singapore’s stock after selling 30,395 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of SEA worth $81,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SE. Farther Finance Advisors LLC lifted its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the period. SOA Wealth Advisors LLC. increased its position in shares of SEA by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock worth $57,000 after purchasing an additional 150 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore’s stock valued at $57,000 after acquiring an additional 152 shares during the last quarter. Ballentine Partners LLC grew its position in shares of SEA by 5.6% in the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after purchasing an additional 158 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in SEA by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after buying an additional 160 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SEA stock opened at $130.37 on Wednesday. The business has a 50-day simple moving average of $126.16 and a 200-day simple moving average of $110.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a one year low of $51.70 and a one year high of $147.73. The company has a market cap of $74.62 billion, a PE ratio of 869.13 and a beta of 1.62.

Wall Street Analysts Forecast Growth

SE has been the topic of several recent research reports. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Arete Research raised SEA to a “strong-buy” rating in a research note on Sunday. JPMorgan Chase & Co. raised their price objective on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.