US Bancorp DE Grows Stake in Sea Limited (NYSE:SE)

US Bancorp DE increased its stake in Sea Limited (NYSE:SE) by 46.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,022 shares of the Internet company based in Singapore’s stock after acquiring an additional 42,275 shares during the period. US Bancorp DE’s holdings in SEA were worth $14,114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SE. WCM Investment Management LLC lifted its stake in SEA by 35.9% in the third 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 purchasing an additional 5,517,559 shares during the last quarter. Baillie Gifford & Co. lifted its stake in SEA by 15.5% in the third 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 purchasing an additional 5,295,590 shares during the last quarter. Perpetual Ltd lifted its stake in SEA by 3,033.0% in the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after purchasing an additional 2,031,038 shares during the last quarter. CoreView Capital Management Ltd lifted its stake in SEA by 341.1% in the third 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 purchasing an additional 1,543,743 shares during the last quarter. Finally, Ninety One UK Ltd lifted its stake in SEA by 1,673.2% in the fourth quarter. Ninety One UK Ltd now owns 1,243,888 shares of the Internet company based in Singapore’s stock worth $131,977,000 after purchasing an additional 1,173,738 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SE. TD Cowen raised their price objective on shares of SEA from $69.00 to $100.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Benchmark lifted their price target on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Dbs Bank raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Barclays lifted their price target on shares of SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.43.

SEA Stock Down 2.9 %

SEA stock opened at $123.52 on Tuesday. The business has a fifty day moving average of $118.72 and a two-hundred day moving average of $104.60. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $70.70 billion, a P/E ratio of 823.47 and a beta of 1.55. Sea Limited has a twelve month low of $49.76 and a twelve month high of $139.18.

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.