Thrivent Financial for Lutherans Grows Position in Sea Limited (NYSE:SE)

Thrivent Financial for Lutherans increased its holdings in shares of Sea Limited (NYSE:SE) by 114.5% in the fourth quarter, Holdings Channel reports. The firm owned 18,682 shares of the Internet company based in Singapore’s stock after acquiring an additional 9,973 shares during the period. Thrivent Financial for Lutherans’ holdings in SEA were worth $1,838,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SE. Perpetual Ltd grew 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 valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Ninety One UK Ltd boosted its stake 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 valued at $131,977,000 after acquiring an additional 1,173,738 shares during the last quarter. M&T Bank Corp grew its holdings in SEA by 2,163.9% during the 3rd quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock worth $7,024,000 after acquiring an additional 71,214 shares in the last quarter. SeaTown Holdings Pte. Ltd. bought a new stake in shares of SEA in the 4th quarter worth about $4,821,000. Finally, Point72 Hong Kong Ltd acquired a new stake in SEA during the third quarter valued at approximately $3,410,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Down 2.0 %

Shares of NYSE:SE opened at $130.96 on Friday. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. 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 market cap of $74.95 billion, a P/E ratio of 873.05 and a beta of 1.62. The company has a 50 day moving average of $127.28 and a 200-day moving average of $111.49.

Analyst Ratings Changes

Several analysts have weighed in on SE shares. 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 SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Barclays upped their price objective on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. UBS Group raised their target price on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Benchmark upped their price target on shares of SEA from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Three 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 stock. According to data from MarketBeat.com, the company has an average 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.