abrdn plc Has $12 Million Stock Holdings in Sea Limited (NYSE:SE)

abrdn plc boosted its holdings in shares of Sea Limited (NYSE:SE) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,266 shares of the Internet company based in Singapore’s stock after buying an additional 2,150 shares during the period. abrdn plc owned approximately 0.05% of SEA worth $11,999,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System lifted its position in shares of SEA by 2.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,427 shares of the Internet company based in Singapore’s stock worth $546,000 after buying an additional 271 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of 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 in the last quarter. UMB Bank n.a. lifted its position in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of SEA by 4.3% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,662 shares of the Internet company based in Singapore’s stock worth $381,000 after buying an additional 360 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in shares of SEA by 6.0% during the 4th quarter. Cigna Investments Inc. New now owns 7,119 shares of the Internet company based in Singapore’s stock worth $288,000 after buying an additional 401 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the topic of several recent analyst reports. Loop Capital raised shares of SEA from a “hold” rating to a “buy” rating and lifted their target price for the stock from $59.00 to $92.00 in a research report on Wednesday. Barclays lifted their price target on shares of SEA from $59.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Wedbush lifted their price target on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Morgan Stanley raised shares of SEA from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $65.00 to $70.00 in a report on Monday. Finally, Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $70.00 in a report on Monday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.00.

SEA Trading Down 0.7 %

Shares of SE stock opened at $62.82 on Friday. The company’s fifty day simple moving average is $53.85 and its two-hundred day simple moving average is $44.92. 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 1 year low of $34.35 and a 1 year high of $88.39. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 261.75 and a beta of 1.50.

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

SEA 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.