Principal Financial Group Inc. Decreases Stock Position in Sea Limited (NYSE:SE)

Principal Financial Group Inc. lowered its position in shares of Sea Limited (NYSE:SE) by 23.4% during the fourth quarter, HoldingsChannel reports. The firm owned 116,201 shares of the Internet company based in Singapore’s stock after selling 35,411 shares during the period. Principal Financial Group Inc.’s holdings in SEA were worth $12,329,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC lifted its position in shares of SEA by 35.9% during 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. Perpetual Ltd lifted its holdings in SEA by 3,033.0% during 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. Ninety One UK Ltd lifted its holdings in SEA by 1,673.2% during the 4th 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 buying an additional 1,173,738 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of SEA by 1.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock worth $38,098,000 after acquiring an additional 7,175 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of SEA by 2,163.9% in the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after acquiring an additional 71,214 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

SE stock opened at $126.52 on Friday. The company has a 50-day simple moving average of $118.39 and a 200 day simple moving average of $103.78. The company has a market capitalization of $72.41 billion, a P/E ratio of 843.45 and a beta of 1.55. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a fifty-two week low of $46.06 and a fifty-two week high of $139.18.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SE shares. Wedbush reiterated an “outperform” rating and set a $105.00 target price (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Dbs Bank upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on SEA from $131.00 to $148.00 and gave the company an “overweight” rating in a research note on Wednesday. Phillip Securities reiterated a “reduce” rating and set a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Finally, TD Cowen boosted their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $92.43.

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.