Principal Financial Group Inc. Cuts Stock Position in Sea Limited (NYSE:SE)

Principal Financial Group Inc. cut its stake in Sea Limited (NYSE:SE - Free Report) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,612 shares of the Internet company based in Singapore's stock after selling 47,808 shares during the period. Principal Financial Group Inc.'s holdings in SEA were worth $14,294,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. American Trust bought a new stake in SEA during the third quarter valued at $294,000. Tidal Investments LLC lifted its stake in shares of SEA by 1,270.6% in the 3rd quarter. Tidal Investments LLC now owns 109,034 shares of the Internet company based in Singapore's stock valued at $10,280,000 after purchasing an additional 101,079 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of SEA during the 3rd quarter valued at about $290,000. Sanctuary Advisors LLC boosted its position in shares of SEA by 14.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,214 shares of the Internet company based in Singapore's stock valued at $586,000 after purchasing an additional 782 shares in the last quarter. Finally, SOA Wealth Advisors LLC. grew its stake in 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 during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

NYSE SE traded down $0.93 during trading hours on Friday, hitting $108.72. The company had a trading volume of 2,293,124 shares, compared to its average volume of 5,191,595. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a market capitalization of $62.22 billion, a price-to-earnings ratio of 724.80 and a beta of 1.53. Sea Limited has a 52 week low of $34.35 and a 52 week high of $119.47. The firm has a 50 day simple moving average of $107.58 and a 200 day simple moving average of $88.75.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate 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%. The firm's revenue for the quarter was up 30.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.26) earnings per share. Equities research analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Benchmark boosted their target price on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Wedbush reiterated an "outperform" rating and issued a $105.00 price target (up previously from $84.00) on shares of SEA in a report on Monday, November 4th. TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday, November 13th. Finally, Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.21.

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.