Prudential Financial Inc. Increases Position in Sea Limited (NYSE:SE)

Prudential Financial Inc. raised its position in Sea Limited (NYSE:SE - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,615 shares of the Internet company based in Singapore's stock after buying an additional 56,431 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of SEA worth $31,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of SE. WCM Investment Management LLC grew its position in SEA by 22.8% during the 4th 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 purchasing an additional 4,761,289 shares during the last quarter. Perpetual Ltd increased its position in SEA by 3,033.0% in the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore's stock valued at $222,598,000 after acquiring an additional 2,031,038 shares during the period. CoreView Capital Management Ltd raised its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore's stock valued at $188,218,000 after acquiring an additional 1,543,743 shares during the last quarter. Baillie Gifford & Co. lifted its position in SEA by 3.5% during 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 acquiring an additional 1,390,531 shares during the period. Finally, Ninety One UK Ltd grew its stake in shares of SEA by 1,673.2% in the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore's stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

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SEA Price Performance

SE traded down $2.61 during midday trading on Friday, reaching $130.96. 3,271,184 shares of the company's stock were exchanged, compared to its average volume of 4,576,118. The business's 50-day moving average price is $127.28 and its 200 day moving average price is $111.72. The stock has a market capitalization of $74.95 billion, a PE ratio of 873.05 and a beta of 1.62. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Benchmark lifted their price objective on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their target price on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Three 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.67.

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.