Prudential Financial Inc. Increases Stock Position in Sea Limited (NYSE:SE)

Prudential Financial Inc. grew its stake in Sea Limited (NYSE:SE) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,615 shares of the Internet company based in Singapore’s stock after buying an additional 56,431 shares during the period. Prudential Financial Inc. owned approximately 0.05% of SEA worth $31,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. WCM Investment Management LLC lifted its holdings in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after acquiring an additional 4,761,289 shares during the last quarter. Perpetual Ltd lifted its stake in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd boosted its holdings in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in shares of SEA by 1,673.2% during the 4th quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock valued at $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 0.7 %

Shares of NYSE SE opened at $130.37 on Wednesday. The firm has a fifty day simple moving average of $126.16 and a two-hundred day simple moving average of $110.59. Sea Limited has a 12 month low of $51.70 and a 12 month high of $147.73. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $74.62 billion, a PE ratio of 869.13 and a beta of 1.62.

Wall Street Analysts Forecast Growth

SE has been the subject of several research reports. UBS Group upped their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Jefferies Financial Group lifted their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. lifted their price objective on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average target price of $116.67.

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.