Principal Financial Group Inc. Sells 47,808 Shares of Sea Limited (NYSE:SE)

Principal Financial Group Inc. reduced its stake in Sea Limited (NYSE:SE - Free Report) by 24.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 151,612 shares of the Internet company based in Singapore's stock after selling 47,808 shares during the quarter. Principal Financial Group Inc.'s holdings in SEA were worth $14,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock worth $28,000 after buying an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. bought a new position in SEA in the 2nd quarter valued at $32,000. Hexagon Capital Partners LLC raised its stake in shares of SEA by 63.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock worth $47,000 after purchasing an additional 253 shares during the period. Canton Hathaway LLC boosted its holdings in shares of SEA by 20.0% in the 2nd quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock worth $86,000 after buying an additional 200 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in SEA by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock valued at $98,000 after buying an additional 468 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of NYSE:SE opened at $102.94 on Friday. The company has a 50 day moving average of $93.93 and a 200 day moving average of $79.43. The company has a current ratio of 1.62, a quick ratio of 1.48 and a debt-to-equity ratio of 0.36. The stock has a market cap of $58.92 billion, a P/E ratio of 686.27 and a beta of 1.52. Sea Limited has a 12 month low of $34.35 and a 12 month high of $117.52.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Cowen upped their price objective on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $66.00 to $90.00 in a research report on Wednesday, August 14th. Citigroup cut their price target on SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Finally, Wedbush restated an "outperform" rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.54.

SEA Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.