State of New Jersey Common Pension Fund D Has $14.87 Million Stock Holdings in Sea Limited (NYSE:SE)

State of New Jersey Common Pension Fund D raised its position in Sea Limited (NYSE:SE) by 6.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 157,762 shares of the Internet company based in Singapore’s stock after buying an additional 9,800 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SEA were worth $14,874,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Forsta AP Fonden grew its holdings in shares of SEA by 2.5% in the 1st quarter. Forsta AP Fonden now owns 114,800 shares of the Internet company based in Singapore’s stock valued at $6,166,000 after acquiring an additional 2,800 shares in the last quarter. Sei Investments Co. grew its stake in SEA by 6.6% in the first quarter. Sei Investments Co. now owns 765,623 shares of the Internet company based in Singapore’s stock valued at $41,122,000 after purchasing an additional 47,150 shares in the last quarter. QRG Capital Management Inc. grew its stake in SEA by 63.9% in the first quarter. QRG Capital Management Inc. now owns 39,859 shares of the Internet company based in Singapore’s stock valued at $2,141,000 after purchasing an additional 15,547 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of SEA during the 1st quarter worth approximately $226,000. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of SEA by 11.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,624 shares of the Internet company based in Singapore’s stock worth $1,161,000 after purchasing an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and raised their target price for the company from $66.00 to $90.00 in a research note on Wednesday, August 14th. Citigroup decreased their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Barclays upped their target price on shares of SEA from $87.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Bank of America raised their target price on shares of SEA from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, Wedbush reissued an “outperform” rating and set a $105.00 price target (up previously from $84.00) on shares of SEA in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.54.

SEA Stock Performance

SE opened at $93.56 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.49 and a quick ratio of 1.48. The business has a fifty day simple moving average of $91.40 and a 200 day simple moving average of $78.13. Sea Limited has a 1 year low of $34.35 and a 1 year high of $101.93. The company has a market capitalization of $53.55 billion, a PE ratio of -267.31 and a beta of 1.52.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 13th. The Internet company based in Singapore reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.45). SEA had a negative net margin of 1.36% and a negative return on equity of 2.92%. The business had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. Research analysts expect that Sea Limited will post 0.77 EPS for the current year.

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.