The Manufacturers Life Insurance Company Sells 90,465 Shares of Sea Limited (NYSE:SE)

The Manufacturers Life Insurance Company lessened its position in Sea Limited (NYSE:SE) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,161,131 shares of the Internet company based in Singapore’s stock after selling 90,465 shares during the period. The Manufacturers Life Insurance Company owned 0.20% of SEA worth $123,196,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of SEA by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore’s stock valued at $57,000 after purchasing an additional 150 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of SEA by 5.6% during the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $315,000 after purchasing an additional 158 shares in the last quarter. Moseley Investment Management Inc. boosted its stake in shares of SEA by 4.3% during the 4th quarter. Moseley Investment Management Inc. now owns 3,870 shares of the Internet company based in Singapore’s stock valued at $411,000 after purchasing an additional 161 shares in the last quarter. Finally, Roberts Wealth Advisors LLC boosted its stake in shares of SEA by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 23,477 shares of the Internet company based in Singapore’s stock valued at $2,602,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SE shares. Arete Research raised shares of SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Loop Capital lifted their price target on shares of SEA from $135.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, March 31st. Wedbush reissued an “outperform” rating and set a $135.00 price target on shares of SEA in a research report on Tuesday, April 15th. Benchmark lifted their price target on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Barclays lifted their price target on shares of SEA from $148.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $125.43.

SEA Price Performance

Shares of NYSE SE opened at $130.30 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $147.73. The company has a market cap of $74.58 billion, a PE ratio of 868.67 and a beta of 1.73. The business has a 50-day simple moving average of $125.00 and a two-hundred day simple moving average of $116.18.

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.