AIA Group Ltd Sells 390,371 Shares of Sea Limited (NYSE:SE)

AIA Group Ltd lowered its stake in shares of Sea Limited (NYSE:SE) by 32.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 796,632 shares of the Internet company based in Singapore’s stock after selling 390,371 shares during the period. SEA accounts for 1.3% of AIA Group Ltd’s holdings, making the stock its 18th biggest position. AIA Group Ltd owned about 0.14% of SEA worth $32,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in SEA by 12,344.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,655,668 shares of the Internet company based in Singapore’s stock valued at $107,555,000 after acquiring an additional 2,634,327 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in SEA by 17.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,510,835 shares of the Internet company based in Singapore’s stock valued at $66,411,000 after acquiring an additional 222,777 shares during the period. Untitled Investments LP increased its position in SEA by 56.1% during the 3rd quarter. Untitled Investments LP now owns 284,493 shares of the Internet company based in Singapore’s stock worth $12,503,000 after buying an additional 102,280 shares during the period. Baillie Gifford & Co. increased its position in SEA by 30.8% during the 4th 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 buying an additional 8,045,977 shares during the period. Finally, Sunbelt Securities Inc. increased its position in SEA by 91.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 670 shares of the Internet company based in Singapore’s stock worth $29,000 after buying an additional 320 shares during the period. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. Barclays increased their price objective on SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Sanford C. Bernstein increased their price objective on SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Wedbush increased their price objective on SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Morgan Stanley increased their price objective on SEA from $47.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $70.00 in a research report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, SEA has an average rating of “Moderate Buy” and a consensus target price of $66.77.

SEA Price Performance

NYSE:SE traded up $0.81 during trading hours on Thursday, hitting $56.44. The company’s stock had a trading volume of 4,428,995 shares, compared to its average volume of 6,524,337. The stock has a fifty day simple moving average of $52.23 and a 200-day simple moving average of $44.33. The company has a market capitalization of $31.88 billion, a P/E ratio of 235.58 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.44 and a quick ratio of 1.43. Sea Limited has a twelve month low of $34.35 and a twelve month high of $88.39.

SEA (NYSE:SE) last released its quarterly earnings data on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. On average, analysts anticipate that Sea Limited will post 1.01 EPS for the current fiscal year.

SEA Company Profile

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 eSports operations.