Sea Limited (NYSE:SE) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Sea Limited (NYSE:SE - Free Report) by 862.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,328 shares of the Internet company based in Singapore's stock after acquiring an additional 145,459 shares during the quarter. New York State Common Retirement Fund's holdings in SEA were worth $15,304,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its stake in shares of SEA by 213.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore's stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new position in SEA during the 2nd quarter worth $32,000. Hexagon Capital Partners LLC lifted its stake in shares of SEA by 63.1% in the 2nd quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore's stock worth $47,000 after acquiring an additional 253 shares during the period. Canton Hathaway LLC boosted its holdings in shares of SEA by 20.0% in the second quarter. Canton Hathaway LLC now owns 1,200 shares of the Internet company based in Singapore's stock valued at $86,000 after acquiring an additional 200 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of SEA by 34.5% during the first quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock worth $98,000 after acquiring an additional 468 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Down 0.4 %

Shares of SE traded down $0.38 on Wednesday, hitting $95.36. 2,628,446 shares of the stock traded hands, compared to its average volume of 5,382,926. Sea Limited has a 1 year low of $34.35 and a 1 year high of $101.93. The stock's 50 day moving average is $90.45 and its two-hundred day moving average is $77.43. The firm has a market capitalization of $54.58 billion, a P/E ratio of -273.57 and a beta of 1.52. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.41.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.45). The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. SEA's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. As a group, sell-side analysts predict that Sea Limited will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the topic of a number of analyst reports. TD Cowen lifted their price objective on SEA from $64.00 to $69.00 and gave the company a "hold" rating in a report on Wednesday, August 14th. Benchmark upped their price objective on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Barclays raised their target price on SEA from $87.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $66.00 to $90.00 in a research note on Wednesday, August 14th. Finally, Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, July 23rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.54.

SEA Profile

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.