Mirae Asset Global Investments Co. Ltd. Has $10.31 Million Stock Holdings in Sea Limited (NYSE:SE)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Sea Limited (NYSE:SE - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,202 shares of the Internet company based in Singapore's stock after selling 6,186 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in SEA were worth $10,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in SEA by 445.4% during the second quarter. Dimensional Fund Advisors LP now owns 51,096 shares of the Internet company based in Singapore's stock worth $3,649,000 after buying an additional 41,728 shares in the last quarter. Truist Financial Corp grew its position in SEA by 106.9% during the second quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore's stock worth $1,275,000 after buying an additional 9,224 shares in the last quarter. Cetera Investment Advisers boosted its holdings in SEA by 25.2% during the second quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore's stock valued at $2,038,000 after purchasing an additional 5,740 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in SEA during the second quarter valued at approximately $388,000. Finally, Park Avenue Securities LLC boosted its holdings in SEA by 40.4% during the third quarter. Park Avenue Securities LLC now owns 7,519 shares of the Internet company based in Singapore's stock valued at $709,000 after purchasing an additional 2,165 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SE has been the topic of several recent analyst reports. TD Cowen boosted their target price on SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a report on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Benchmark boosted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Finally, Wedbush restated an "outperform" rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $91.21.

SEA Trading Up 2.0 %

Shares of SE traded up $2.50 during trading hours on Monday, reaching $125.50. The stock had a trading volume of 1,443,198 shares, compared to its average volume of 3,361,212. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 52 week low of $41.60 and a 52 week high of $126.67. The firm has a 50-day moving average of $113.97 and a 200 day moving average of $97.70. The company has a market cap of $71.83 billion, a P/E ratio of 837.36 and a beta of 1.55.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) EPS. On average, sell-side analysts expect that Sea Limited will post 0.8 earnings per share for the current fiscal year.

About SEA

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.