Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in Sea Limited (NYSE:SE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Sea Limited (NYSE:SE) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,021 shares of the Internet company based in Singapore’s stock after buying an additional 6,822 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SEA were worth $32,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted 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 buying an additional 204 shares in the last quarter. Kestra Investment Management LLC purchased a new position in SEA in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its stake in 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 worth $39,000 after purchasing an additional 112 shares in the last quarter. Truvestments Capital LLC purchased a new position in SEA in the 3rd quarter worth approximately $41,000. Finally, Icon Wealth Advisors LLC purchased a new position in SEA in the 3rd quarter worth approximately $47,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 1.1 %

SEA stock opened at $126.48 on Thursday. Sea Limited has a fifty-two week low of $51.70 and a fifty-two week high of $147.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. The firm has a 50 day moving average price of $124.58 and a 200 day moving average price of $108.95. The company has a market capitalization of $72.39 billion, a PE ratio of 843.17 and a beta of 1.61.

Analyst Upgrades and Downgrades

SE has been the topic of a number of research reports. Barclays raised their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a research note on Friday, March 7th. Jefferies Financial Group raised their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. UBS Group raised their target price on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.67.

About SEA

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.