Schroder Investment Management Group Lowers Position in Sea Limited (NYSE:SE)

Schroder Investment Management Group trimmed its position in Sea Limited (NYSE:SE) by 93.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 419,923 shares of the Internet company based in Singapore’s stock after selling 5,540,829 shares during the period. Schroder Investment Management Group owned 0.07% of SEA worth $45,133,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Perpetual Ltd lifted its holdings in shares of 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 valued at $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. Ninety One UK Ltd raised 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 valued at $131,977,000 after buying an additional 1,173,738 shares during the last quarter. M&T Bank Corp boosted its holdings in SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares in the last quarter. SeaTown Holdings Pte. Ltd. purchased a new stake in shares of SEA in the fourth quarter worth $4,821,000. Finally, Geode Capital Management LLC increased its holdings in shares of SEA by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after acquiring an additional 124,433 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.2 %

NYSE:SE opened at $130.41 on Tuesday. Sea Limited has a one year low of $51.70 and a one year high of $147.73. The business has a fifty day moving average price of $127.59 and a 200-day moving average price of $112.08. The firm has a market capitalization of $74.64 billion, a price-to-earnings ratio of 869.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60.

Analyst Ratings Changes

Several analysts recently commented on SE shares. JPMorgan Chase & Co. increased their price objective on shares of SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, March 5th. Benchmark increased their price target on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Loop Capital boosted their price objective on shares of SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Barclays increased their target price on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Three investment 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.40.

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.