State of New Jersey Common Pension Fund D Grows Stake in Sea Limited (NYSE:SE)

State of New Jersey Common Pension Fund D increased its position in shares of Sea Limited (NYSE:SE - Free Report) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,762 shares of the Internet company based in Singapore's stock after purchasing an additional 9,800 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in SEA were worth $14,874,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SE. Forsta AP Fonden raised its holdings in SEA by 2.5% during the 1st quarter. Forsta AP Fonden now owns 114,800 shares of the Internet company based in Singapore's stock worth $6,166,000 after purchasing an additional 2,800 shares during the last quarter. Sei Investments Co. raised its holdings in SEA by 6.6% during the 1st quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore's stock worth $41,122,000 after buying an additional 47,150 shares during the period. QRG Capital Management Inc. lifted its position in SEA by 63.9% in the 1st quarter. QRG Capital Management Inc. now owns 39,859 shares of the Internet company based in Singapore's stock valued at $2,141,000 after acquiring an additional 15,547 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of SEA during the first quarter worth about $226,000. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of SEA by 11.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore's stock worth $1,161,000 after acquiring an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SE shares. Citigroup dropped their price objective on SEA from $81.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, July 23rd. Barclays lifted their target price on SEA from $87.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, August 15th. Benchmark increased their price target on SEA from $87.00 to $94.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. TD Cowen boosted their target price on shares of SEA from $64.00 to $69.00 and gave the company a "hold" rating in a research report on Wednesday, August 14th. Finally, Wedbush reaffirmed 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. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $82.54.

SEA Trading Up 4.2 %

Shares of SE traded up $3.90 during mid-day trading on Monday, reaching $97.46. 5,789,298 shares of the company were exchanged, compared to its average volume of 5,371,591. The stock has a market capitalization of $55.78 billion, a PE ratio of -278.46 and a beta of 1.52. Sea Limited has a 52 week low of $34.35 and a 52 week high of $101.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 1.49. The business has a 50 day simple moving average of $91.78 and a two-hundred day simple moving average of $78.38.

SEA (NYSE:SE - Get Free Report) last issued its earnings results 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). SEA had a negative return on equity of 2.92% and a negative net margin of 1.36%. The company had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The firm's revenue was up 23.0% compared to the same quarter last year. On average, analysts predict that Sea Limited will post 0.77 earnings per share for the current fiscal year.

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.