AIA Group Ltd Sells 111,697 Shares of Sea Limited (NYSE:SE)

AIA Group Ltd lowered its position in shares of Sea Limited (NYSE:SE) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 492,986 shares of the Internet company based in Singapore’s stock after selling 111,697 shares during the period. SEA accounts for approximately 1.3% of AIA Group Ltd’s investment portfolio, making the stock its 17th biggest holding. AIA Group Ltd owned approximately 0.09% of SEA worth $52,306,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SE. Perpetual Ltd grew its holdings in shares of SEA by 3,033.0% during the 4th 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 in the last quarter. Ninety One UK Ltd grew its stake in SEA by 1,673.2% during the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after buying an additional 1,173,738 shares in the last quarter. M&T Bank Corp increased its holdings in SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after buying an additional 71,214 shares during the period. SeaTown Holdings Pte. Ltd. acquired a new position in shares of SEA in the 4th quarter valued at approximately $4,821,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of SEA in the 3rd quarter valued at approximately $3,410,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SEA stock opened at $130.96 on Monday. The firm has a market cap of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. The stock’s 50 day moving average is $127.28 and its 200 day moving average is $111.72. 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 one year low of $51.70 and a one year high of $147.73.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of recent analyst reports. Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Jefferies Financial Group upped their price objective on SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Barclays raised their price objective on SEA from $148.00 to $182.00 and gave the company an “overweight” 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 stock an “outperform” rating in a report on Wednesday, March 5th. Finally, UBS Group lifted their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.