Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Sea Limited (NYSE:SE)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Sea Limited (NYSE:SE) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269,969 shares of the Internet company based in Singapore’s stock after acquiring an additional 24,726 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SEA were worth $28,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock valued at $4,345,278,000 after acquiring an additional 1,390,531 shares during the last quarter. WCM Investment Management LLC lifted its position in shares of SEA by 22.8% during the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock worth $2,758,331,000 after buying an additional 4,761,289 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of SEA by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock worth $283,543,000 after buying an additional 124,433 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of SEA by 32.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock valued at $236,928,000 after buying an additional 547,509 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of SEA by 12.7% in the 4th quarter. Sei Investments Co. now owns 2,181,685 shares of the Internet company based in Singapore’s stock valued at $231,474,000 after buying an additional 245,324 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Down 2.0 %

SEA stock opened at $130.96 on Monday. The firm has a market capitalization of $74.95 billion, a price-to-earnings 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 stock’s fifty day moving average is $127.28 and its two-hundred day moving average is $111.72.

Analyst Ratings Changes

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

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.