Teacher Retirement System of Texas Sells 245,286 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Teacher Retirement System of Texas trimmed its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 47.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 270,377 shares of the Internet company based in Singapore's stock after selling 245,286 shares during the period. Teacher Retirement System of Texas' holdings in SEA were worth $35,281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its holdings in shares of SEA by 92.1% in the 1st quarter. First Horizon Advisors Inc. now owns 2,004 shares of the Internet company based in Singapore's stock worth $262,000 after buying an additional 961 shares during the last quarter. Krane Funds Advisors LLC raised its position in SEA by 23.8% in the first quarter. Krane Funds Advisors LLC now owns 5,995 shares of the Internet company based in Singapore's stock worth $782,000 after acquiring an additional 1,154 shares during the period. Aaron Wealth Advisors LLC boosted its stake in SEA by 4.6% in the first quarter. Aaron Wealth Advisors LLC now owns 2,990 shares of the Internet company based in Singapore's stock valued at $390,000 after acquiring an additional 131 shares during the last quarter. Pictet North America Advisors SA bought a new position in shares of SEA during the 1st quarter valued at approximately $217,000. Finally, Vontobel Holding Ltd. grew its position in shares of SEA by 43.4% during the 1st quarter. Vontobel Holding Ltd. now owns 45,409 shares of the Internet company based in Singapore's stock valued at $5,925,000 after acquiring an additional 13,752 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of SE traded down $0.06 during midday trading on Friday, hitting $149.36. 2,289,212 shares of the company traded hands, compared to its average volume of 4,350,320. The stock has a 50-day moving average of $154.57 and a 200-day moving average of $132.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The firm has a market cap of $87.99 billion, a P/E ratio of 105.18 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 (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) earnings per share. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SE. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. UBS Group boosted their target price on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Wedbush restated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $153.17.

SEA Company 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.