Mitsubishi UFJ Asset Management Co. Ltd. Buys 24,726 Shares of Sea Limited (NYSE:SE)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Sea Limited (NYSE:SE - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,969 shares of the Internet company based in Singapore's stock after buying an additional 24,726 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in SEA were worth $28,703,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SE. Charles Schwab Investment Management Inc. raised its holdings in SEA by 9.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,747 shares of the Internet company based in Singapore's stock worth $25,620,000 after purchasing an additional 24,216 shares in the last quarter. Cerity Partners LLC raised its stake in SEA by 128.4% in the third quarter. Cerity Partners LLC now owns 19,842 shares of the Internet company based in Singapore's stock worth $1,871,000 after buying an additional 11,153 shares in the last quarter. Bank of Montreal Can lifted its holdings in SEA by 4.1% in the third quarter. Bank of Montreal Can now owns 144,111 shares of the Internet company based in Singapore's stock worth $13,591,000 after buying an additional 5,648 shares during the period. Townsquare Capital LLC boosted its position in SEA by 85.8% during the 3rd quarter. Townsquare Capital LLC now owns 21,424 shares of the Internet company based in Singapore's stock valued at $2,020,000 after acquiring an additional 9,893 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of SEA by 590.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 23,319 shares of the Internet company based in Singapore's stock worth $2,199,000 after acquiring an additional 19,940 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

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SEA Price Performance

Shares of SEA stock traded up $2.12 during trading hours on Wednesday, hitting $134.58. The company's stock had a trading volume of 3,063,918 shares, compared to its average volume of 4,572,864. The company has a market cap of $77.03 billion, a PE ratio of 897.20 and a beta of 1.73. 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 business has a 50 day moving average price of $127.88 and a two-hundred day moving average price of $112.45. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73.

Analysts Set New Price Targets

Several equities analysts have commented on SE shares. JPMorgan Chase & Co. raised their price objective on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Loop Capital lifted their target price on shares of SEA from $135.00 to $165.00 and gave the stock a "buy" rating in a report on Monday. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on SEA and gave the stock an "outperform" rating in a report on Wednesday, March 5th. Finally, UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $121.40.

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.