Sea Limited (NYSE:SE) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Sea Limited (NYSE:SE - Free Report) by 184.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515,663 shares of the Internet company based in Singapore's stock after purchasing an additional 334,513 shares during the period. Teacher Retirement System of Texas owned 0.09% of SEA worth $54,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of SEA by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 600 shares of the Internet company based in Singapore's stock valued at $57,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC grew its stake in SEA by 33.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 603 shares of the Internet company based in Singapore's stock worth $57,000 after buying an additional 152 shares during the last quarter. Ballentine Partners LLC increased its position in SEA by 5.6% during the fourth quarter. Ballentine Partners LLC now owns 2,970 shares of the Internet company based in Singapore's stock worth $315,000 after buying an additional 158 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in SEA by 2.6% during the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore's stock worth $599,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SE shares. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price objective on shares of SEA and gave the company an "outperform" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 5th. Benchmark boosted their price target on SEA from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Barclays upped their price objective on SEA from $148.00 to $182.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.67.

SEA Price Performance

Shares of NYSE:SE traded up $0.89 during midday trading on Tuesday, hitting $130.37. 4,337,247 shares of the stock were exchanged, compared to its average volume of 4,405,530. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. 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 company has a 50 day moving average price of $125.76 and a 200-day moving average price of $110.21. The stock has a market cap of $74.62 billion, a P/E ratio of 869.13 and a beta of 1.62.

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.