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

Employees Retirement System of Texas lowered its stake in shares of Sea Limited (NYSE:SE - Free Report) by 17.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 97,580 shares of the Internet company based in Singapore's stock after selling 20,735 shares during the period. Employees Retirement System of Texas' holdings in SEA were worth $10,353,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SE. Baillie Gifford & Co. grew its stake in shares of SEA by 3.5% in the 4th quarter. Baillie Gifford & Co. now owns 40,954,549 shares of the Internet company based in Singapore's stock valued at $4,345,278,000 after purchasing an additional 1,390,531 shares during the period. WCM Investment Management LLC lifted its stake in shares of SEA by 22.8% in the 4th quarter. WCM Investment Management LLC now owns 25,663,667 shares of the Internet company based in Singapore's stock valued at $2,758,331,000 after purchasing an additional 4,761,289 shares during the period. Norges Bank acquired a new stake in shares of SEA in the 4th quarter valued at approximately $1,493,682,000. Capital Research Global Investors lifted its holdings in SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of SEA by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SE shares. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Barclays increased their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Jefferies Financial Group boosted their price objective on shares of SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Finally, Benchmark lifted their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.15.

SEA Stock Down 0.5%

Shares of SEA stock traded down $0.81 during trading hours on Friday, reaching $160.40. 5,670,257 shares of the company's stock were exchanged, compared to its average volume of 4,454,427. The stock has a market cap of $94.49 billion, a P/E ratio of 1,069.33 and a beta of 1.70. The company has a 50 day moving average of $136.35 and a two-hundred day moving average of $125.07. The company has a current ratio of 1.62, a quick ratio of 1.60 and a debt-to-equity ratio of 0.36. Sea Limited has a fifty-two week low of $55.00 and a fifty-two week high of $169.28.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 1.40% and a net margin of 0.64%. The business's revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. On average, sell-side analysts forecast that Sea Limited will post 0.74 EPS for the current fiscal year.

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.