New York State Common Retirement Fund Purchases 112,799 Shares of Sea Limited (NYSE:SE)

New York State Common Retirement Fund increased its holdings in shares of Sea Limited (NYSE:SE - Free Report) by 69.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 275,127 shares of the Internet company based in Singapore's stock after acquiring an additional 112,799 shares during the quarter. New York State Common Retirement Fund's holdings in SEA were worth $29,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Kestra Investment Management LLC purchased a new position in SEA in the fourth quarter valued at about $34,000. Atria Wealth Solutions Inc. raised its holdings in shares of SEA by 59.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,013 shares of the Internet company based in Singapore's stock worth $426,000 after purchasing an additional 1,493 shares during the period. Truist Financial Corp lifted its stake in SEA by 41.4% in the fourth quarter. Truist Financial Corp now owns 53,737 shares of the Internet company based in Singapore's stock valued at $5,701,000 after purchasing an additional 15,745 shares during the last quarter. CIBC Asset Management Inc lifted its stake in SEA by 12.7% in the fourth quarter. CIBC Asset Management Inc now owns 40,228 shares of the Internet company based in Singapore's stock valued at $4,268,000 after purchasing an additional 4,529 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in SEA by 2.8% during the fourth quarter. Sanctuary Advisors LLC now owns 6,387 shares of the Internet company based in Singapore's stock valued at $678,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

NYSE:SE traded down $4.13 during trading hours on Friday, hitting $128.70. 4,709,133 shares of the company's stock traded hands, compared to its average volume of 3,607,220. The firm has a market cap of $73.66 billion, a P/E ratio of 858.00 and a beta of 1.55. 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 business's fifty day simple moving average is $117.34 and its two-hundred day simple moving average is $102.00. Sea Limited has a 52 week low of $43.27 and a 52 week high of $139.18.

Analyst Ratings Changes

Several brokerages have issued reports on SE. Phillip Securities reaffirmed a "reduce" rating and set a $100.00 price target (up previously from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Wedbush restated an "outperform" rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. Barclays increased their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Dbs Bank raised shares of SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, Benchmark raised their price objective on shares of SEA from $94.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.21.

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.