abrdn plc Has $8.76 Million Stock Position in Sea Limited (NYSE:SE)

abrdn plc reduced its stake in Sea Limited (NYSE:SE - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,510 shares of the Internet company based in Singapore's stock after selling 2,943 shares during the quarter. abrdn plc's holdings in SEA were worth $8,761,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SE. SOA Wealth Advisors LLC. lifted its position in SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock worth $57,000 after buying an additional 150 shares in the last quarter. TD Private Client Wealth LLC lifted its position in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after buying an additional 152 shares in the last quarter. Ballentine Partners LLC lifted its position in SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock worth $315,000 after buying an additional 158 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of SEA by 2.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after purchasing an additional 160 shares during the last quarter. Finally, Moseley Investment Management Inc. increased its stake in shares of SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore's stock worth $411,000 after purchasing an additional 161 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

SE traded up $0.87 on Wednesday, reaching $130.58. The company had a trading volume of 2,884,250 shares, compared to its average volume of 3,438,514. The company's fifty day moving average is $114.49 and its 200 day moving average is $98.59. Sea Limited has a fifty-two week low of $41.60 and a fifty-two week high of $130.65. The stock has a market cap of $74.74 billion, a P/E ratio of 870.53 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.09 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.26) EPS. As a group, analysts predict that Sea Limited will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.