California State Teachers Retirement System Reduces Holdings in Sea Limited (NYSE:SE)

California State Teachers Retirement System cut its stake in Sea Limited (NYSE:SE – Get Rating) by 1.2% in the third quarter, Holdings Channel.com reports. The fund owned 456,339 shares of the Internet company based in Singapore’s stock after selling 5,311 shares during the quarter. California State Teachers Retirement System’s holdings in SEA were worth $25,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SE. Wipfli Financial Advisors LLC acquired a new stake in shares of SEA in the 3rd quarter valued at about $32,000. SeaCrest Wealth Management LLC acquired a new stake in shares of SEA in the 2nd quarter valued at about $34,000. Activest Wealth Management boosted its position in shares of SEA by 174.6% in the 3rd quarter. Activest Wealth Management now owns 681 shares of the Internet company based in Singapore’s stock valued at $44,000 after purchasing an additional 433 shares during the period. Ronald Blue Trust Inc. acquired a new stake in shares of SEA in the 2nd quarter valued at about $46,000. Finally, IFP Advisors Inc boosted its position in shares of SEA by 56.3% in the 3rd quarter. IFP Advisors Inc now owns 2,247 shares of the Internet company based in Singapore’s stock valued at $62,000 after purchasing an additional 809 shares during the period. Institutional investors and hedge funds own 74.92% of the company’s stock.

SEA Stock Up 0.2 %

SE opened at $78.40 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.57. The firm has a market cap of $43.73 billion, a P/E ratio of -26.05 and a beta of 1.66. Sea Limited has a 52 week low of $40.67 and a 52 week high of $136.43. The business’s fifty day simple moving average is $66.29 and its 200 day simple moving average is $59.02.

SEA (NYSE:SE – Get Rating) last issued its quarterly earnings results on Tuesday, March 7th. The Internet company based in Singapore reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $1.47. SEA had a negative return on equity of 26.25% and a negative net margin of 13.28%. The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the company earned ($1.12) EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited will post 2.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on SE shares. The Goldman Sachs Group raised SEA from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, February 16th. Cowen downgraded SEA from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $72.00 to $60.00 in a report on Monday, November 21st. Bank of America increased their price target on SEA from $68.00 to $92.00 in a report on Thursday, March 9th. Cowen downgraded SEA from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $72.00 to $60.00 in a report on Monday, November 21st. Finally, Jefferies Financial Group increased their price target on SEA from $104.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 7th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.43.

SEA Company Profile

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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.