Prudential PLC Sells 448,719 Shares of Sea Limited (NYSE:SE)

Prudential PLC decreased its position in shares of Sea Limited (NYSE:SE - Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,209,914 shares of the Internet company based in Singapore's stock after selling 448,719 shares during the period. SEA comprises approximately 1.7% of Prudential PLC's holdings, making the stock its 6th biggest holding. Prudential PLC owned about 0.56% of SEA worth $340,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC increased its position in SEA by 21.0% in the 4th quarter. Thoroughbred Financial Services LLC now owns 23,426 shares of the Internet company based in Singapore's stock valued at $2,485,000 after acquiring an additional 4,070 shares during the period. Atlas Capital Advisors Inc. acquired a new position in SEA during the 4th quarter worth $138,000. ExodusPoint Capital Management LP bought a new position in shares of SEA in the fourth quarter worth $2,332,000. OneAscent Financial Services LLC acquired a new position in shares of SEA during the fourth quarter valued at $301,000. Finally, Huntington National Bank raised its stake in shares of SEA by 783.6% during the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports 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 report on Monday, March 31st. Barclays increased their price objective on shares of SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, March 5th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Benchmark boosted their price objective on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.40.

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SEA Trading Up 1.8 %

Shares of NYSE:SE traded up $1.93 during midday trading on Monday, reaching $108.56. The company had a trading volume of 11,304,997 shares, compared to its average volume of 4,674,995. The company has a fifty day simple moving average of $128.04 and a two-hundred day simple moving average of $113.28. 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 cap of $62.13 billion, a price-to-earnings ratio of 723.70 and a beta of 1.73. Sea Limited has a 1-year low of $51.70 and a 1-year high of $147.73.

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.