Public Employees Retirement Association of Colorado Cuts Stock Holdings in Sea Limited (NYSE:SE)

Public Employees Retirement Association of Colorado lowered its position in Sea Limited (NYSE:SEFree Report) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,223 shares of the Internet company based in Singapore’s stock after selling 1,700 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in SEA were worth $10,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP boosted its stake in SEA by 15.0% in the first quarter. Wasatch Advisors LP now owns 782,277 shares of the Internet company based in Singapore’s stock worth $67,706,000 after buying an additional 102,272 shares in the last quarter. Principal Financial Group Inc. boosted its stake in SEA by 62.6% in the first quarter. Principal Financial Group Inc. now owns 42,814 shares of the Internet company based in Singapore’s stock worth $3,706,000 after buying an additional 16,483 shares in the last quarter. IFM Investors Pty Ltd lifted its position in SEA by 1.6% in the second quarter. IFM Investors Pty Ltd now owns 66,363 shares of the Internet company based in Singapore’s stock valued at $3,852,000 after purchasing an additional 1,075 shares during the last quarter. Mackenzie Financial Corp lifted its position in SEA by 3.5% in the second quarter. Mackenzie Financial Corp now owns 19,331 shares of the Internet company based in Singapore’s stock valued at $1,116,000 after purchasing an additional 647 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in SEA by 42.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 498,824 shares of the Internet company based in Singapore’s stock valued at $28,952,000 after purchasing an additional 149,200 shares during the last quarter. Hedge funds and other institutional investors own 72.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SE. JPMorgan Chase & Co. downgraded SEA from an “overweight” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Thursday, August 17th. Sanford C. Bernstein lowered their price objective on SEA from $90.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 16th. Wedbush restated an “outperform” rating and set a $48.00 target price on shares of SEA in a report on Wednesday, September 6th. Barclays decreased their target price on SEA from $98.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 16th. Finally, TD Cowen decreased their target price on SEA from $65.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 22nd. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.24.

View Our Latest Analysis on SEA

SEA Price Performance

NYSE SE opened at $35.87 on Wednesday. Sea Limited has a one year low of $34.87 and a one year high of $88.84. The stock has a 50-day moving average of $41.96 and a 200 day moving average of $53.31. The company has a market capitalization of $20.26 billion, a price-to-earnings ratio of 91.97 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 1.75.

SEA (NYSE:SEGet Free Report) last released its quarterly earnings results on Tuesday, November 14th. The Internet company based in Singapore reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.38). The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.17 billion. SEA had a net margin of 2.17% and a return on equity of 4.69%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.02) earnings per share. On average, sell-side analysts forecast that Sea Limited will post 1.09 EPS for the current year.

SEA Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for SEA (NYSE:SE)

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