Sea Limited (NYSE:SE) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in Sea Limited (NYSE:SE - Free Report) by 26.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,145,378 shares of the Internet company based in Singapore's stock after selling 755,558 shares during the quarter. Legal & General Group Plc owned approximately 0.37% of SEA worth $227,625,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its stake in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock worth $4,345,278,000 after buying an additional 1,390,531 shares in the last quarter. WCM Investment Management LLC grew its position in SEA by 22.8% in the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares in the last quarter. Norges Bank purchased a new stake in SEA during the fourth quarter valued at approximately $1,493,682,000. Geode Capital Management LLC raised its position in SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after purchasing an additional 142,080 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in shares of SEA by 32.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock valued at $236,928,000 after purchasing an additional 547,509 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

SEA Stock Performance

Shares of NYSE SE traded up $1.07 during midday trading on Tuesday, reaching $119.80. The company had a trading volume of 966,013 shares, compared to its average volume of 4,700,328. Sea Limited has a 1 year low of $51.70 and a 1 year high of $147.73. The business's 50-day simple moving average is $126.79 and its 200 day simple moving average is $114.38. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market cap of $68.57 billion, a P/E ratio of 798.67 and a beta of 1.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Loop Capital increased their target price on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, March 31st. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the stock an "outperform" rating in a research note on Wednesday, March 5th. Benchmark boosted their target price on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. UBS Group raised their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.40.

SEA Company 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.