Employees Retirement System of Texas Has $10.35 Million Stake in Sea Limited (NYSE:SE)

Employees Retirement System of Texas trimmed its stake in Sea Limited (NYSE:SE) by 17.5% in the fourth quarter, Holdings Channel reports. The firm owned 97,580 shares of the Internet company based in Singapore’s stock after selling 20,735 shares during the quarter. Employees Retirement System of Texas’ holdings in SEA were worth $10,353,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after purchasing an additional 204 shares during the period. Kestra Investment Management LLC acquired a new stake in SEA during the 4th quarter valued at approximately $34,000. Farther Finance Advisors LLC lifted its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the period. Huntington National Bank grew its holdings in SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock worth $52,000 after purchasing an additional 431 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of SEA by 4,663.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 524 shares of the Internet company based in Singapore’s stock worth $56,000 after purchasing an additional 513 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

SEA stock opened at $106.18 on Monday. The firm has a 50-day moving average price of $128.04 and a 200-day moving average price of $113.28. Sea Limited has a 12-month low of $51.70 and a 12-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 firm has a market capitalization of $60.77 billion, a PE ratio of 707.88 and a beta of 1.73.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SE shares. Arete Research upgraded SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. JPMorgan Chase & Co. boosted their price objective on SEA from $133.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, March 5th. Barclays increased their price objective on SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Sanford C. Bernstein set a $145.00 price target on shares of SEA and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.40.

SEA 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.