Sea Limited (NYSE:SE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Sea Limited (NYSE:SE) by 24.0% during the 3rd quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. purchased a new position in SEA in the first quarter valued at about $226,000. State Board of Administration of Florida Retirement System boosted its holdings in SEA by 11.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock worth $1,161,000 after acquiring an additional 2,150 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in SEA by 18.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 202,229 shares of the Internet company based in Singapore’s stock valued at $10,862,000 after acquiring an additional 31,470 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of SEA during the first quarter valued at approximately $1,638,000. Finally, Intech Investment Management LLC acquired a new position in shares of SEA during the first quarter worth $371,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Down 0.4 %

Shares of SEA stock opened at $102.94 on Friday. The stock has a market capitalization of $58.92 billion, a price-to-earnings ratio of 686.27 and a beta of 1.52. Sea Limited has a twelve month low of $34.35 and a twelve month high of $117.52. 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 business’s 50 day simple moving average is $93.93 and its 200-day simple moving average is $79.43.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. TD Cowen raised their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday. Benchmark upped their target price on SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and upped their price target for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $90.54.

About SEA

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.