Employees Retirement System of Texas Sells 20,735 Shares of Sea Limited (NYSE:SE)

Employees Retirement System of Texas trimmed its stake in Sea Limited (NYSE:SE - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,580 shares of the Internet company based in Singapore's stock after selling 20,735 shares during the period. Employees Retirement System of Texas' holdings in SEA were worth $10,353,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can raised its stake in SEA by 2.8% during the 4th quarter. Bank of Montreal Can now owns 148,201 shares of the Internet company based in Singapore's stock worth $15,724,000 after acquiring an additional 4,090 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of SEA by 8.1% during the 4th quarter. Quadrant Capital Group LLC now owns 4,210 shares of the Internet company based in Singapore's stock valued at $447,000 after buying an additional 314 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SEA by 33.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,221,228 shares of the Internet company based in Singapore's stock worth $129,572,000 after buying an additional 306,693 shares during the period. Marcho Partners LLP boosted its holdings in SEA by 142.9% in the 4th quarter. Marcho Partners LLP now owns 135,268 shares of the Internet company based in Singapore's stock worth $14,352,000 after buying an additional 79,590 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new stake in SEA in the 4th quarter worth $11,102,000. 59.53% of the stock is owned by institutional investors.

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SEA Trading Up 2.2 %

Shares of NYSE:SE traded up $2.58 during trading on Friday, hitting $117.86. The company had a trading volume of 4,396,578 shares, compared to its average volume of 4,721,022. The stock has a market cap of $67.46 billion, a price-to-earnings ratio of 785.73 and a beta of 1.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.62 and a quick ratio of 1.60. The company has a fifty day simple moving average of $126.87 and a two-hundred day simple moving average of $114.07. Sea Limited has a one year low of $51.70 and a one year high of $147.73.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Benchmark upped their price target on SEA from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $133.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, March 5th. UBS Group upped their target price on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, 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 report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $121.40.

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.