Public Employees Retirement Association of Colorado Sells 3,000 Shares of Sea Limited (NYSE:SE)

Public Employees Retirement Association of Colorado lessened its position in shares of Sea Limited (NYSE:SE) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,723 shares of the Internet company based in Singapore’s stock after selling 3,000 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SEA were worth $4,013,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SE. UMB Bank n.a. boosted its stake in shares of SEA by 70.9% during the 4th quarter. UMB Bank n.a. now owns 788 shares of the Internet company based in Singapore’s stock worth $32,000 after buying an additional 327 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of SEA by 121.3% during the 1st quarter. GAMMA Investing LLC now owns 613 shares of the Internet company based in Singapore’s stock worth $33,000 after buying an additional 336 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of SEA by 152.4% during the 4th quarter. Blue Trust Inc. now owns 843 shares of the Internet company based in Singapore’s stock worth $36,000 after buying an additional 509 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of SEA by 38.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the Internet company based in Singapore’s stock worth $57,000 after buying an additional 394 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of SEA by 78.8% during the 1st quarter. Lindbrook Capital LLC now owns 1,198 shares of the Internet company based in Singapore’s stock worth $64,000 after buying an additional 528 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE:SE traded up $1.01 during trading on Monday, reaching $66.35. 1,950,930 shares of the stock were exchanged, compared to its average volume of 5,921,402. Sea Limited has a 12 month low of $34.35 and a 12 month high of $76.60. The firm has a market cap of $37.97 billion, a PE ratio of 1,306.80 and a beta of 1.51. The stock has a 50-day moving average price of $71.69 and a 200-day moving average price of $59.06. The company has a current ratio of 1.46, a quick ratio of 1.44 and a debt-to-equity ratio of 0.43.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 14th. The Internet company based in Singapore reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.40). SEA had a net margin of 0.39% and a return on equity of 0.80%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. Research analysts expect that Sea Limited will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup reduced their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Benchmark raised their target price on shares of SEA from $78.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $60.00 target price on shares of SEA in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $78.00 target price (down from $84.00) on shares of SEA in a research note on Tuesday, June 25th. Finally, Dbs Bank reiterated a “hold” rating and issued a $75.00 target price on shares of SEA in a research note on Friday, June 28th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.53.

SEA Profile

Sea Limited, together with its subsidiaries, engages in the digital entertainment, e-commerce, and digital financial service businesses in Southeast Asia, Latin America, rest of Asia, and internationally. It offers Garena digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations.