Sea Limited (NYSE:SE) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Sea Limited (NYSE:SE) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 269,969 shares of the Internet company based in Singapore’s stock after purchasing an additional 24,726 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SEA were worth $28,703,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blue Grotto Capital LLC raised its stake in shares of SEA by 26.7% during the 4th quarter. Blue Grotto Capital LLC now owns 380,000 shares of the Internet company based in Singapore’s stock worth $40,318,000 after buying an additional 80,000 shares during the period. Keystone Investors PTE Ltd. raised its position in SEA by 11.0% during the fourth quarter. Keystone Investors PTE Ltd. now owns 932,634 shares of the Internet company based in Singapore’s stock worth $98,952,000 after acquiring an additional 92,459 shares during the period. GQG Partners LLC purchased a new position in SEA during the fourth quarter valued at $28,588,000. Prudential Financial Inc. grew its position in shares of SEA by 23.1% in the fourth quarter. Prudential Financial Inc. now owns 300,615 shares of the Internet company based in Singapore’s stock valued at $31,895,000 after purchasing an additional 56,431 shares during the period. Finally, LPL Financial LLC increased its stake in shares of SEA by 11.2% during the fourth quarter. LPL Financial LLC now owns 208,637 shares of the Internet company based in Singapore’s stock worth $22,136,000 after purchasing an additional 21,047 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Down 2.0 %

SEA stock opened at $130.96 on Monday. The company has a market capitalization of $74.95 billion, a PE ratio of 873.05 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 fifty-two week low of $51.70 and a fifty-two week high of $147.73. The firm has a 50 day moving average price of $127.28 and a 200 day moving average price of $111.72.

Analysts Set New Price Targets

SE has been the topic of a number of research reports. UBS Group lifted their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Arete Research raised SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Barclays increased 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. JPMorgan Chase & Co. lifted their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Finally, Benchmark increased their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. 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 stock. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target 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.