Blue Trust Inc. Sells 8,162 Shares of Sea Limited (NYSE:SE)

Blue Trust Inc. lowered its holdings in Sea Limited (NYSE:SE) by 80.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,950 shares of the Internet company based in Singapore’s stock after selling 8,162 shares during the quarter. Blue Trust Inc.’s holdings in SEA were worth $207,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SE. Kaizen Investment Management Pte. Ltd. bought a new stake in shares of SEA in the 3rd quarter valued at about $587,544,000. WCM Investment Management LLC grew its position in shares of SEA by 35.9% in the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after buying an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of SEA by 15.5% in the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after buying an additional 5,295,590 shares during the last quarter. Perpetual Ltd grew 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 worth $222,598,000 after buying an additional 2,031,038 shares during the last quarter. Finally, CoreView Capital Management Ltd grew its position in shares of SEA by 341.1% in the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after buying an additional 1,543,743 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 1.8 %

SE stock opened at $136.18 on Thursday. The firm’s fifty day simple moving average is $116.79 and its 200-day simple moving average is $101.30. The company has a market capitalization of $77.94 billion, a P/E ratio of 907.85 and a beta of 1.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. Sea Limited has a 12 month low of $43.27 and a 12 month high of $139.18.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, Wedbush reissued an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.21.

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.