Asahi Life Asset Management CO. LTD. Has $246,000 Position in Sea Limited (NYSE:SE)

Asahi Life Asset Management CO. LTD. reduced its holdings in Sea Limited (NYSE:SE) by 46.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,315 shares of the Internet company based in Singapore’s stock after selling 2,006 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in SEA were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bailard Inc. increased its stake in SEA by 49.9% in the 4th quarter. Bailard Inc. now owns 63,101 shares of the Internet company based in Singapore’s stock valued at $6,695,000 after buying an additional 21,000 shares during the last quarter. Norden Group LLC increased its stake in SEA by 9.2% in the 4th quarter. Norden Group LLC now owns 3,016 shares of the Internet company based in Singapore’s stock valued at $320,000 after buying an additional 254 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in SEA by 193.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,548 shares of the Internet company based in Singapore’s stock valued at $166,000 after buying an additional 1,020 shares during the last quarter. Chase Investment Counsel Corp increased its stake in SEA by 6.3% in the 4th quarter. Chase Investment Counsel Corp now owns 23,265 shares of the Internet company based in Singapore’s stock valued at $2,468,000 after buying an additional 1,376 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of SEA by 77.2% in the 4th quarter. Metis Global Partners LLC now owns 4,778 shares of the Internet company based in Singapore’s stock valued at $507,000 after acquiring an additional 2,082 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SE shares. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on shares of SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Finally, Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.43.

SEA Stock Performance

Shares of SE stock opened at $127.05 on Monday. The company has a market capitalization of $72.71 billion, a price-to-earnings ratio of 846.99 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The company has a 50-day simple moving average of $118.72 and a 200 day simple moving average of $104.60. Sea Limited has a 52 week low of $48.14 and a 52 week high of $139.18.

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.