Truist Financial Corp Has $5.70 Million Stock Position in Sea Limited (NYSE:SE)

Truist Financial Corp boosted its holdings in shares of Sea Limited (NYSE:SE) by 41.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,737 shares of the Internet company based in Singapore’s stock after buying an additional 15,745 shares during the quarter. Truist Financial Corp’s holdings in SEA were worth $5,701,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SE. Raymond James & Associates increased its position in SEA by 23.5% during the third quarter. Raymond James & Associates now owns 135,821 shares of the Internet company based in Singapore’s stock worth $12,805,000 after buying an additional 25,827 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in SEA by 6.2% during the third quarter. Sequoia Financial Advisors LLC now owns 3,081 shares of the Internet company based in Singapore’s stock worth $290,000 after buying an additional 180 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of SEA in the third quarter valued at approximately $3,164,000. CENTRAL TRUST Co acquired a new position in shares of SEA in the third quarter valued at approximately $510,000. Finally, IFM Investors Pty Ltd grew its position in shares of SEA by 0.5% in the third quarter. IFM Investors Pty Ltd now owns 71,778 shares of the Internet company based in Singapore’s stock valued at $6,767,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Down 3.1 %

NYSE SE opened at $128.70 on Friday. The business has a fifty day moving average price of $117.34 and a two-hundred day moving average price of $102.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a fifty-two week low of $43.27 and a fifty-two week high of $139.18. The stock has a market capitalization of $73.66 billion, a PE ratio of 858.00 and a beta of 1.55.

Wall Street Analyst Weigh In

SE has been the topic of several research reports. 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, November 13th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Cowen upped their target price on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Phillip Securities reaffirmed a “reduce” rating and issued a $100.00 target price (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $91.21.

SEA 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.