State Board of Administration of Florida Retirement System Buys 1,748 Shares of Sea Limited (NYSE:SE)

State Board of Administration of Florida Retirement System increased its holdings in Sea Limited (NYSE:SEGet Rating) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,647 shares of the Internet company based in Singapore’s stock after acquiring an additional 1,748 shares during the period. State Board of Administration of Florida Retirement System’s holdings in SEA were worth $1,180,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SE. BlackRock Inc. grew its holdings in SEA by 58.3% during the first quarter. BlackRock Inc. now owns 14,038,750 shares of the Internet company based in Singapore’s stock valued at $1,681,703,000 after purchasing an additional 5,169,129 shares during the period. Tiger Global Management LLC lifted its position in shares of SEA by 18.7% during the first quarter. Tiger Global Management LLC now owns 13,520,038 shares of the Internet company based in Singapore’s stock worth $1,619,565,000 after acquiring an additional 2,129,899 shares in the last quarter. Sands Capital Management LLC lifted its position in shares of SEA by 10.7% during the first quarter. Sands Capital Management LLC now owns 20,100,417 shares of the Internet company based in Singapore’s stock worth $2,407,829,000 after acquiring an additional 1,940,505 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of SEA by 105.6% during the first quarter. Nikko Asset Management Americas Inc. now owns 3,466,474 shares of the Internet company based in Singapore’s stock worth $425,008,000 after acquiring an additional 1,780,064 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of SEA by 92.1% during the first quarter. Capital International Investors now owns 3,418,102 shares of the Internet company based in Singapore’s stock worth $409,473,000 after acquiring an additional 1,638,408 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

SEA Stock Up 2.0 %

Shares of NYSE:SE opened at $59.93 on Friday. The stock’s 50-day moving average price is $54.00 and its 200-day moving average price is $67.35. Sea Limited has a 12-month low of $40.67 and a 12-month high of $320.14. The stock has a market capitalization of $33.43 billion, a P/E ratio of -12.36 and a beta of 1.51. The company has a current ratio of 1.92, a quick ratio of 1.91 and a debt-to-equity ratio of 0.77.

SEA (NYSE:SEGet Rating) last posted its earnings results on Tuesday, August 16th. The Internet company based in Singapore reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.18) by ($0.17). The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.03 billion. SEA had a negative return on equity of 39.49% and a negative net margin of 22.08%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.83) earnings per share. On average, equities analysts anticipate that Sea Limited will post -5.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. China Renaissance dropped their target price on SEA from $100.00 to $94.00 in a research report on Tuesday, November 1st. Stifel Nicolaus lowered their price objective on SEA from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, August 17th. Morgan Stanley lowered their price objective on SEA from $116.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday. Cowen lowered their price objective on SEA from $106.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Barclays lowered their price objective on SEA from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.27.

About SEA

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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 eSports operations; and access to other entertainment content, including livestreaming of gameplay and social features, such as user chat and online forums.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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