Corebridge Financial Inc. Sells 1,974 Shares of Sea Limited (NYSE:SE)

Corebridge Financial Inc. reduced its stake in shares of Sea Limited (NYSE:SE - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,835 shares of the Internet company based in Singapore's stock after selling 1,974 shares during the period. Corebridge Financial Inc.'s holdings in SEA were worth $6,773,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC purchased a new position in SEA in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its position in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after acquiring an additional 112 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore's stock valued at $56,000 after acquiring an additional 513 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in SEA by 33.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after acquiring an additional 152 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

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SEA Trading Up 0.0 %

Shares of SE stock traded up $0.03 on Tuesday, reaching $130.52. 1,839,415 shares of the company's stock were exchanged, compared to its average volume of 4,340,232. The company's fifty day simple moving average is $127.59 and its 200 day simple moving average is $112.08. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $74.70 billion, a PE ratio of 869.99 and a beta of 1.62.

Analyst Ratings Changes

Several research analysts have commented on SE shares. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Loop Capital raised their price target on SEA from $135.00 to $165.00 and gave the company a "buy" rating in a report on Monday. Benchmark lifted 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. JPMorgan Chase & Co. increased their target price on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Finally, Barclays boosted their price target on shares of SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.40.

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.