Maryland State Retirement & Pension System Makes New $2.32 Million Investment in Sea Limited (NYSE:SE)

Maryland State Retirement & Pension System bought a new position in Sea Limited (NYSE:SE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 21,817 shares of the Internet company based in Singapore's stock, valued at approximately $2,315,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in SEA by 43.8% during the fourth 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. raised its position 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 during the period. TD Private Client Wealth LLC lifted its stake in shares of SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock valued at $57,000 after buying an additional 152 shares in the last quarter. Ballentine Partners LLC boosted its holdings in SEA by 5.6% in the 4th quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock worth $315,000 after buying an additional 158 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in SEA by 2.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after buying an additional 160 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SE. JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. Barclays boosted their price target on SEA from $148.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Jefferies Financial Group increased their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Arete Research raised shares of SEA to a "strong-buy" rating in a report on Sunday. Finally, Benchmark raised their target price on shares of SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $116.67.

SEA Trading Up 0.7 %

Shares of NYSE:SE traded up $0.89 during trading on Tuesday, reaching $130.37. The company's stock had a trading volume of 4,337,247 shares, compared to its average volume of 4,405,530. The stock has a market capitalization of $74.62 billion, a PE ratio of 869.13 and a beta of 1.62. Sea Limited has a 12 month low of $51.70 and a 12 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's 50 day simple moving average is $125.76 and its two-hundred day simple moving average is $110.21.

SEA Company 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.