Sea Limited (NYSE:SE) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,144,493 shares of the Internet company based in Singapore's stock after selling 22,858 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of SEA worth $121,431,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Truist Financial Corp grew its holdings in shares of SEA by 106.9% during the second quarter. Truist Financial Corp now owns 17,853 shares of the Internet company based in Singapore's stock valued at $1,275,000 after buying an additional 9,224 shares during the last quarter. Cetera Investment Advisers boosted its holdings in SEA by 25.2% in the second quarter. Cetera Investment Advisers now owns 28,542 shares of the Internet company based in Singapore's stock valued at $2,038,000 after purchasing an additional 5,740 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in SEA in the second quarter valued at $388,000. GAMMA Investing LLC boosted its holdings in SEA by 69.5% in the third quarter. GAMMA Investing LLC now owns 1,268 shares of the Internet company based in Singapore's stock valued at $120,000 after purchasing an additional 520 shares during the last quarter. Finally, Atomi Financial Group Inc. purchased a new stake in SEA in the third quarter valued at $202,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Up 0.7 %

Shares of SEA stock traded up $0.87 during mid-day trading on Wednesday, hitting $130.58. The stock had a trading volume of 2,884,250 shares, compared to its average volume of 3,438,514. The firm has a 50-day moving average of $114.76 and a two-hundred day moving average of $98.81. Sea Limited has a 12-month low of $41.60 and a 12-month high of $130.65. 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 cap of $74.74 billion, a P/E ratio of 870.53 and a beta of 1.55.

SEA (NYSE:SE - Get Free Report) last posted 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 net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period last year, the company earned ($0.26) EPS. The business's quarterly revenue was up 30.8% on a year-over-year basis. Sell-side analysts forecast that Sea Limited will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on SE. Phillip Securities reaffirmed a "reduce" rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Wedbush reiterated an "outperform" rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Benchmark upped their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. TD Cowen upped their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Finally, Barclays upped 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, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.