National Pension Service Cuts Position in Sea Limited (NYSE:SE)

National Pension Service trimmed its holdings in Sea Limited (NYSE:SE) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 530,648 shares of the Internet company based in Singapore’s stock after selling 30,000 shares during the quarter. National Pension Service’s holdings in SEA were worth $56,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Rosenberg Matthew Hamilton boosted its holdings in SEA by 213.7% in the third 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. Kestra Investment Management LLC acquired a new stake in shares of SEA in the fourth quarter valued at approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of SEA in the third quarter valued at approximately $41,000. Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the third quarter valued at approximately $47,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of SEA by 4,663.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after acquiring an additional 513 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Down 1.4 %

Shares of NYSE SE opened at $126.52 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a 12 month low of $46.06 and a 12 month high of $139.18. The business has a fifty day simple moving average of $118.39 and a 200-day simple moving average of $103.78. The company has a market cap of $72.41 billion, a price-to-earnings ratio of 843.45 and a beta of 1.55.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SE shares. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Barclays increased their price target on SEA from $131.00 to $148.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen increased their price target on SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. Benchmark increased their price target on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.43.

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.