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

Employees Retirement System of Texas trimmed its stake in shares of Sea Limited (NYSE:SE) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SE. HighTower Advisors LLC boosted its position in SEA by 160.3% in the 3rd quarter. HighTower Advisors LLC now owns 38,836 shares of the Internet company based in Singapore’s stock valued at $3,669,000 after buying an additional 23,914 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in SEA by 24.6% in the third quarter. Janus Henderson Group PLC now owns 248,629 shares of the Internet company based in Singapore’s stock valued at $23,437,000 after acquiring an additional 49,043 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in SEA by 2.6% in the third quarter. Integrated Wealth Concepts LLC now owns 6,357 shares of the Internet company based in Singapore’s stock worth $599,000 after purchasing an additional 160 shares during the period. Quantinno Capital Management LP raised its holdings in SEA by 32.1% during the 3rd quarter. Quantinno Capital Management LP now owns 12,458 shares of the Internet company based in Singapore’s stock worth $1,175,000 after purchasing an additional 3,026 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in SEA by 132.8% during the 3rd quarter. Stifel Financial Corp now owns 155,799 shares of the Internet company based in Singapore’s stock valued at $14,689,000 after purchasing an additional 88,886 shares during the period. 59.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SE shares. Arete Research raised shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Benchmark upped their target price on shares of SEA from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Loop Capital raised their price target on SEA from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, March 31st. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Phillip Securities upgraded SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $121.40.

SEA Stock Down 11.6 %

SEA stock opened at $106.18 on Monday. The stock has a market capitalization of $60.77 billion, a PE ratio of 707.88 and a beta of 1.73. Sea Limited has a twelve month low of $51.70 and a twelve month high of $147.73. The company has a 50 day moving average of $128.04 and a 200-day moving average of $113.28. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36.

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.