Prudential Financial Inc. Raises Stock Holdings in Sea Limited (NYSE:SE)

Prudential Financial Inc. raised its position in shares of Sea Limited (NYSE:SE) by 23.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 300,615 shares of the Internet company based in Singapore’s stock after purchasing an additional 56,431 shares during the period. Prudential Financial Inc.’s holdings in SEA were worth $31,895,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Private Trust Co. NA lifted its position in SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares during the period. Kestra Investment Management LLC bought a new stake in shares of SEA in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC grew its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares during the last quarter. Truvestments Capital LLC bought a new position in SEA during the 3rd quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. raised its stake in SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock valued at $56,000 after buying an additional 513 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE SE opened at $130.37 on Wednesday. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The firm has a market capitalization of $74.62 billion, a price-to-earnings ratio of 869.13 and a beta of 1.62. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $126.16 and a 200 day moving average of $110.59.

Wall Street Analyst Weigh In

SE has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. Sanford C. Bernstein set a $145.00 target price on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday. Finally, UBS Group lifted their target price on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

SEA 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.