abrdn plc Acquires 2,150 Shares of Sea Limited (NYSE:SE)

abrdn plc grew its holdings in Sea Limited (NYSE:SE) by 0.7% during the 4th quarter, Holdings Channel reports. 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’s holdings in SEA were worth $11,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SE. CWM LLC raised its position in SEA by 162.5% in the third quarter. CWM LLC now owns 4,307 shares of the Internet company based in Singapore’s stock worth $189,000 after acquiring an additional 2,666 shares during the period. IFP Advisors Inc raised its position in SEA by 42.7% in the third quarter. IFP Advisors Inc now owns 2,185 shares of the Internet company based in Singapore’s stock worth $96,000 after acquiring an additional 654 shares during the period. ARK Investment Management LLC raised its position in shares of SEA by 7.5% during the 3rd quarter. ARK Investment Management LLC now owns 21,703 shares of the Internet company based in Singapore’s stock valued at $954,000 after purchasing an additional 1,508 shares during the period. Valeo Financial Advisors LLC raised its position in shares of SEA by 89.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 7,161 shares of the Internet company based in Singapore’s stock valued at $315,000 after purchasing an additional 3,389 shares during the period. Finally, Deltec Asset Management LLC raised its position in shares of SEA by 13.3% during the 3rd quarter. Deltec Asset Management LLC now owns 29,000 shares of the Internet company based in Singapore’s stock valued at $1,275,000 after purchasing an additional 3,400 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on SE shares. Citigroup upgraded shares of SEA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $50.00 in a research report on Thursday, February 1st. Sanford C. Bernstein raised their price objective on shares of SEA from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Loop Capital upgraded shares of SEA from a “hold” rating to a “buy” rating and raised their price objective for the company from $59.00 to $92.00 in a research report on Wednesday. HSBC raised their price objective on shares of SEA from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Benchmark raised their price objective on shares of SEA from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

SEA Stock Performance

Shares of NYSE:SE opened at $62.82 on Friday. Sea Limited has a 52 week low of $34.35 and a 52 week high of $88.39. The stock has a market capitalization of $35.48 billion, a P/E ratio of 261.75 and a beta of 1.50. The firm has a fifty day simple moving average of $53.85 and a two-hundred day simple moving average of $44.92. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46.

SEA (NYSE:SE) last issued its quarterly earnings data 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). SEA had a return on equity of 2.54% and a net margin of 1.27%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Sea Limited will post 0.72 earnings per share for the current fiscal year.

About SEA

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.