New York State Common Retirement Fund Buys 2,153 Shares of Sea Limited Sponsored ADR (NYSE:SE)

New York State Common Retirement Fund increased its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 277,280 shares of the Internet company based in Singapore's stock after purchasing an additional 2,153 shares during the quarter. New York State Common Retirement Fund's holdings in SEA were worth $36,182,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sava Infond d.o.o. bought a new stake in SEA during the first quarter valued at $26,000. Tradewinds Capital Management LLC lifted its stake in SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in SEA during the first quarter worth about $28,000. Fifth Third Bancorp lifted its stake in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in SEA by 43.8% during the fourth 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 during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Up 1.9%

NYSE:SE traded up $2.97 during mid-day trading on Wednesday, reaching $161.23. 7,759,161 shares of the company's stock traded hands, compared to its average volume of 4,377,203. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month high of $172.65. The company has a 50 day moving average price of $157.32 and a 200-day moving average price of $135.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The firm has a market capitalization of $94.98 billion, a price-to-earnings ratio of 113.54 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the company posted ($0.04) EPS. The firm's revenue was up 29.6% on a year-over-year basis. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research note on Friday, May 9th. Barclays lifted their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $153.17.

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.