Sea Limited (NYSE:SE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in shares of Sea Limited (NYSE:SE) by 2.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 27,540 shares of the Internet company based in Singapore’s stock after selling 655 shares during the period. Principal Financial Group Inc.’s holdings in SEA were worth $1,479,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Baillie Gifford & Co. raised its position in SEA by 30.8% in the fourth quarter. Baillie Gifford & Co. now owns 34,183,394 shares of the Internet company based in Singapore’s stock worth $1,384,427,000 after acquiring an additional 8,045,977 shares in the last quarter. Norges Bank acquired a new stake in shares of SEA in the fourth quarter valued at about $640,219,000. Kora Management LP boosted its holdings in SEA by 0.7% during the fourth quarter. Kora Management LP now owns 4,237,500 shares of the Internet company based in Singapore’s stock worth $171,619,000 after buying an additional 28,000 shares in the last quarter. Artisan Partners Limited Partnership grew its position in SEA by 11.3% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,131,880 shares of the Internet company based in Singapore’s stock worth $167,341,000 after buying an additional 420,802 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in SEA by 38.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,667,085 shares of the Internet company based in Singapore’s stock valued at $196,959,000 after buying an additional 1,011,417 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

SE has been the subject of a number of research reports. Barclays lifted their target price on shares of SEA from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. TD Cowen increased their target price on SEA from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, May 15th. Morgan Stanley raised SEA from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $65.00 to $70.00 in a report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $60.00 price objective on shares of SEA in a research report on Wednesday, May 15th. Finally, Loop Capital raised their price target on shares of SEA from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.50.

SEA Stock Performance

Shares of SEA stock traded down $0.54 during trading on Friday, hitting $70.95. 1,749,616 shares of the stock were exchanged, compared to its average volume of 6,217,537. The stock has a market cap of $40.61 billion, a PE ratio of 1,429.80 and a beta of 1.51. The stock’s fifty day moving average is $70.45 and its 200 day moving average is $55.27. Sea Limited has a 12 month low of $34.35 and a 12 month high of $76.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.44 and a current ratio of 1.46.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. SEA had a net margin of 0.39% and a return on equity of 0.80%. SEA’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. As a group, sell-side analysts anticipate that Sea Limited will post 0.66 EPS for the current year.

About SEA

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.