Sea Limited (NYSE:SE) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Sea Limited (NYSE:SE - Free Report) by 24.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 191,807 shares of the Internet company based in Singapore's stock after acquiring an additional 38,100 shares during the quarter. Public Sector Pension Investment Board's holdings in SEA were worth $18,084,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in shares of SEA by 34.5% during the 1st quarter. Advisors Asset Management Inc. now owns 1,825 shares of the Internet company based in Singapore's stock worth $98,000 after purchasing an additional 468 shares during the period. California State Teachers Retirement System lifted its stake in SEA by 1.1% in the first quarter. California State Teachers Retirement System now owns 441,921 shares of the Internet company based in Singapore's stock worth $23,736,000 after acquiring an additional 4,945 shares during the period. Swedbank AB bought a new position in SEA during the 1st quarter worth about $4,404,000. Cetera Advisors LLC purchased a new position in SEA during the 1st quarter valued at about $230,000. Finally, Hamilton Wealth LLC bought a new stake in shares of SEA in the 1st quarter valued at about $435,000. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Performance

Shares of SE traded down $1.97 during mid-day trading on Friday, hitting $113.74. 2,622,592 shares of the company's stock were exchanged, compared to its average volume of 5,362,728. The business's 50 day moving average is $100.03 and its two-hundred day moving average is $82.37. 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 has a market capitalization of $65.10 billion, a P/E ratio of 771.40 and a beta of 1.52. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $117.85.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The company had revenue of $4.33 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. SEA's revenue for the quarter was up 30.8% on a year-over-year basis. On average, equities analysts expect that Sea Limited will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

SE has been the topic of several research reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $66.00 to $90.00 in a report on Wednesday, August 14th. Wedbush reiterated an "outperform" rating and issued a $105.00 price target (up from $84.00) on shares of SEA in a report on Monday, November 4th. Phillip Securities reissued a "reduce" rating and issued a $100.00 price target (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. Dbs Bank raised SEA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 13th. Finally, Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $91.21.

SEA Company 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.