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

Sumitomo Mitsui Trust Group Inc. lifted its position in Sea Limited (NYSE:SE - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,167,351 shares of the Internet company based in Singapore's stock after purchasing an additional 43,047 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of SEA worth $110,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in SEA by 6.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore's stock valued at $290,000 after buying an additional 180 shares in the last quarter. Canton Hathaway LLC raised its stake in 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 valued at $86,000 after purchasing an additional 200 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Gulf International Bank UK Ltd lifted its stake in SEA by 0.7% in the 2nd quarter. Gulf International Bank UK Ltd now owns 28,958 shares of the Internet company based in Singapore's stock worth $2,068,000 after purchasing an additional 213 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of SEA by 5.2% during the 2nd quarter. Parallel Advisors LLC now owns 5,063 shares of the Internet company based in Singapore's stock worth $362,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SE. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the company a "hold" rating in a report on Wednesday. Citigroup cut their price target on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, July 23rd. Benchmark increased their price objective on SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays lifted their target price on SEA from $94.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Bank of America upped their target price on shares of SEA from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.54.

SEA Stock Performance

SE traded down $0.84 during trading on Thursday, hitting $104.12. 2,160,199 shares of the stock were exchanged, compared to its average volume of 5,400,360. The firm has a market capitalization of $59.59 billion, a P/E ratio of 690.87 and a beta of 1.52. Sea Limited has a 1-year low of $34.35 and a 1-year high of $117.52. The stock has a fifty day moving average price of $92.92 and a two-hundred day moving average price of $78.88. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.47% and a net margin of 0.64%. The business had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the business posted ($0.26) earnings per share. The company's revenue for the quarter was up 30.8% on a year-over-year basis. As a group, sell-side analysts predict that Sea Limited will post 0.77 earnings per share for the current year.

SEA Company 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.