Public Employees Retirement System of Ohio Increases Stock Position in Sea Limited (NYSE:SE)

Public Employees Retirement System of Ohio grew its position in Sea Limited (NYSE:SE - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685,129 shares of the Internet company based in Singapore's stock after purchasing an additional 283,738 shares during the period. Public Employees Retirement System of Ohio owned about 0.12% of SEA worth $72,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of SEA by 474.4% in the fourth 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 last quarter. Kestra Investment Management LLC purchased a new stake in shares of SEA in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC raised its holdings in shares of SEA by 43.8% in the fourth 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 last quarter. Banque Transatlantique SA purchased a new stake in shares of SEA in the fourth quarter valued at about $39,000. Finally, Huntington National Bank raised its holdings in shares of SEA by 783.6% in the fourth quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock valued at $52,000 after purchasing an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Down 1.6%

SE stock opened at $160.71 on Friday. The company has a market capitalization of $94.68 billion, a PE ratio of 1,071.40 and a beta of 1.70. Sea Limited has a one year low of $55.00 and a one year high of $165.31. The company's 50 day moving average price is $132.03 and its two-hundred day moving average price is $122.34. 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 (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 1.40% and a net margin of 0.64%. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period last year, the business posted ($0.04) earnings per share. The company's revenue was up 29.6% compared to the same quarter last year. As a group, analysts predict that Sea Limited will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on SE. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Wedbush restated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Loop Capital increased their price target on shares of SEA from $135.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, March 31st. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Finally, Barclays increased their target price 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. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average target price of $145.23.

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.

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