Korea Investment CORP Decreases Stock Holdings in Sea Limited (NYSE:SE)

Korea Investment CORP lessened its stake in Sea Limited (NYSE:SE) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,811 shares of the Internet company based in Singapore’s stock after selling 10,313 shares during the period. Korea Investment CORP’s holdings in SEA were worth $25,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SE. Perpetual Ltd raised its position in shares of SEA by 3,033.0% in the 4th 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 grew its stake in SEA by 1,673.2% during the 4th 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 purchasing an additional 1,173,738 shares during the last quarter. M&T Bank Corp raised its stake in shares of 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 purchasing an additional 71,214 shares during the last quarter. SeaTown Holdings Pte. Ltd. purchased a new stake in SEA in the fourth quarter valued at approximately $4,821,000. Finally, Public Sector Pension Investment Board raised its position in SEA by 24.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 191,807 shares of the Internet company based in Singapore’s stock worth $18,084,000 after buying an additional 38,100 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the subject of several analyst reports. Jefferies Financial Group boosted their price objective on SEA from $131.00 to $157.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. UBS Group raised their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.67.

SEA Stock Performance

NYSE:SE opened at $130.96 on Friday. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. 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 moving average price of $127.28 and a 200 day moving average price of $111.25. The stock has a market capitalization of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62.

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.