401,391 Shares in Sea Limited (NYSE:SE) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in shares of Sea Limited (NYSE:SE) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 401,391 shares of the Internet company based in Singapore’s stock, valued at approximately $37,843,000. Public Employees Retirement System of Ohio owned about 0.07% of SEA at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA in the third quarter valued at approximately $587,544,000. WCM Investment Management LLC raised its stake in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after purchasing an additional 5,517,559 shares during the period. Baillie Gifford & Co. grew its stake in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock valued at $3,730,096,000 after acquiring an additional 5,295,590 shares in the last quarter. CoreView Capital Management Ltd grew its position in SEA by 341.1% during the third quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock valued at $188,218,000 after purchasing an additional 1,543,743 shares in the last quarter. Finally, Eminence Capital LP raised its holdings in shares of SEA by 45.2% during the second quarter. Eminence Capital LP now owns 4,522,441 shares of the Internet company based in Singapore’s stock worth $322,993,000 after acquiring an additional 1,408,314 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 1.8 %

SE stock opened at $114.14 on Tuesday. The stock’s 50 day simple moving average is $103.25 and its 200 day simple moving average is $84.73. The company has a market cap of $65.33 billion, a P/E ratio of 760.93 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a fifty-two week low of $34.35 and a fifty-two week high of $119.47.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). SEA had a return on equity of 1.40% and a net margin of 0.64%. The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business earned ($0.26) earnings per share. SEA’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, research analysts expect that Sea Limited will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SE. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Benchmark increased their target price on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Bank of America lifted their price target on shares of SEA from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.21.

About SEA

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 promotes eSports operations.