Toronto Dominion Bank Sells 49,042 Shares of Sea Limited (NYSE:SE)

Toronto Dominion Bank trimmed its position in Sea Limited (NYSE:SE) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,030,221 shares of the Internet company based in Singapore’s stock after selling 49,042 shares during the quarter. Toronto Dominion Bank owned about 0.18% of SEA worth $109,280,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of SEA in the 4th quarter valued at about $1,493,682,000. WCM Investment Management LLC raised its position in SEA by 22.8% during the fourth quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore’s stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Perpetual Ltd lifted its stake in shares of SEA by 3,033.0% in 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 during the last quarter. Baillie Gifford & Co. boosted its holdings in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore’s stock worth $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. Finally, Capital Research Global Investors increased its position in shares of SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of SEA in a research note on Tuesday, April 15th. UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Bank of America downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Phillip Securities raised SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Arete Research raised SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $145.23.

SEA Trading Down 2.0%

Shares of NYSE SE opened at $161.39 on Friday. Sea Limited has a twelve month low of $55.00 and a twelve month high of $165.31. The firm has a market cap of $95.08 billion, a PE ratio of 1,075.95 and a beta of 1.70. The business has a fifty day simple moving average of $129.33 and a two-hundred day simple moving average of $120.66. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

About SEA

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.