Asset Management One Co. Ltd. Lowers Holdings in Sea Limited (NYSE:SE)

Asset Management One Co. Ltd. cut its position in shares of Sea Limited (NYSE:SE - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,322 shares of the Internet company based in Singapore's stock after selling 46,309 shares during the period. Asset Management One Co. Ltd.'s holdings in SEA were worth $27,404,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kaizen Investment Management Pte. Ltd. bought a new stake in SEA during the 3rd quarter valued at about $587,544,000. WCM Investment Management LLC raised its holdings in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore's stock valued at $3,730,096,000 after purchasing an additional 5,295,590 shares in the last quarter. Perpetual Ltd raised its holdings in shares of 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 purchasing an additional 2,031,038 shares in the last quarter. Finally, CoreView Capital Management Ltd raised its holdings in shares of SEA by 341.1% in 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 purchasing an additional 1,543,743 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 1.9 %

SE stock traded up $2.50 during mid-day trading on Tuesday, hitting $137.45. 3,927,011 shares of the company were exchanged, compared to its average volume of 3,467,901. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $78.67 billion, a P/E ratio of 916.89 and a beta of 1.55. The business has a fifty day simple moving average of $115.86 and a 200-day simple moving average of $100.50. Sea Limited has a 12-month low of $43.27 and a 12-month high of $139.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Dbs Bank upgraded shares of SEA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 13th. Phillip Securities restated a "reduce" rating and issued a $100.00 price target (up previously from $80.00) on shares of SEA in a report on Tuesday, November 19th. Wedbush reiterated an "outperform" rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays boosted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average target price 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.