Barings LLC Has $31.83 Million Position in Sea Limited (NYSE:SE)

Barings LLC lessened its position in Sea Limited (NYSE:SE) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,030 shares of the Internet company based in Singapore’s stock after selling 13,159 shares during the period. SEA accounts for about 0.8% of Barings LLC’s portfolio, making the stock its 16th biggest holding. Barings LLC owned about 0.05% of SEA worth $31,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SE. Private Trust Co. NA increased its holdings in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Kestra Investment Management LLC acquired a new position in SEA in the 4th quarter worth about $34,000. Truvestments Capital LLC acquired a new position in SEA in the 3rd quarter worth about $41,000. Icon Wealth Advisors LLC acquired a new position in SEA in the 3rd quarter worth about $47,000. Finally, Geneos Wealth Management Inc. grew its position in shares of SEA by 4,663.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

SE has been the topic of a number of analyst reports. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday. Benchmark upped their price target on SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays upped their price target on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average target price of $111.67.

SEA Stock Down 2.3 %

Shares of NYSE:SE opened at $135.93 on Friday. The business’s 50 day simple moving average is $121.27 and its two-hundred day simple moving average is $106.36. The firm has a market cap of $77.80 billion, a P/E ratio of 906.18 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52-week low of $51.70 and a 52-week high of $147.73.

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.