Public Employees Retirement System of Ohio Makes New $37.84 Million Investment in Sea Limited (NYSE:SE)

Public Employees Retirement System of Ohio acquired a new stake in Sea Limited (NYSE:SE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 401,391 shares of the Internet company based in Singapore's stock, valued at approximately $37,843,000. Public Employees Retirement System of Ohio owned about 0.07% of SEA at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SE. Duquesne Family Office LLC acquired a new stake in shares of SEA in the second quarter valued at approximately $4,778,000. WCM Investment Management LLC increased its position in SEA by 35.9% during the third quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore's stock worth $1,971,303,000 after purchasing an additional 5,517,559 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in SEA by 1.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore's stock worth $38,098,000 after purchasing an additional 7,175 shares during the period. Toronto Dominion Bank boosted its holdings in SEA by 28.2% in the 2nd quarter. Toronto Dominion Bank now owns 892,969 shares of the Internet company based in Singapore's stock valued at $63,776,000 after purchasing an additional 196,506 shares during the last quarter. Finally, Kaizen Investment Management Pte. Ltd. purchased a new stake in shares of SEA in the 3rd quarter valued at approximately $587,544,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SE shares. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Benchmark lifted their target price on SEA from $94.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Bank of America increased their price target on SEA from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Phillip Securities restated a "reduce" rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a report on Tuesday, November 19th. Finally, Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.21.

SEA Stock Down 1.8 %

NYSE SE traded down $2.09 during trading hours on Tuesday, hitting $112.06. 2,598,977 shares of the company were exchanged, compared to its average volume of 5,321,935. The company has a 50 day moving average of $103.54 and a two-hundred day moving average of $85.02. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. The firm has a market cap of $64.14 billion, a price-to-earnings ratio of 747.07 and a beta of 1.53. Sea Limited has a 52-week low of $34.35 and a 52-week high of $119.47.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a net margin of 0.64% and a return on equity of 1.40%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business earned ($0.26) EPS. The firm's revenue was up 30.8% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited will post 0.81 earnings per share for the current 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 promotes eSports operations.