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

Corebridge Financial Inc. cut its position in shares of Sea Limited (NYSE:SE) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,835 shares of the Internet company based in Singapore’s stock after selling 1,974 shares during the quarter. Corebridge Financial Inc.’s holdings in SEA were worth $6,773,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. grew its stake in 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 worth $4,345,278,000 after acquiring an additional 1,390,531 shares during the period. WCM Investment Management LLC boosted its holdings in shares of SEA by 22.8% during the fourth 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 purchasing an additional 4,761,289 shares during the last quarter. Geode Capital Management LLC grew its position in shares of SEA by 4.2% in the third quarter. Geode Capital Management LLC now owns 3,059,521 shares of the Internet company based in Singapore’s stock valued at $283,543,000 after purchasing an additional 124,433 shares during the period. William Blair Investment Management LLC increased its stake in SEA by 32.5% in the fourth 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 purchasing an additional 547,509 shares during the last quarter. Finally, Sei Investments Co. lifted its position in SEA by 12.7% during the fourth quarter. Sei Investments Co. now owns 2,181,685 shares of the Internet company based in Singapore’s stock worth $231,474,000 after buying an additional 245,324 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Down 2.0 %

SE opened at $130.96 on Friday. Sea Limited has a 12-month low of $51.70 and a 12-month high of $147.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The stock has a market capitalization of $74.95 billion, a PE ratio of 873.05 and a beta of 1.62. The firm’s fifty day moving average price is $127.28 and its 200 day moving average price is $111.25.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Barclays lifted their target price on SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Jefferies Financial Group increased their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Arete Research upgraded shares of SEA to a “strong-buy” rating in a report on Sunday, March 23rd. Sanford C. Bernstein set a $145.00 price target on SEA and gave the company an “outperform” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 5th. Three equities research 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 company. Based on data from MarketBeat.com, the company currently 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.