New York State Common Retirement Fund Purchases 112,799 Shares of Sea Limited (NYSE:SE)

New York State Common Retirement Fund lifted its position in shares of Sea Limited (NYSE:SE) by 69.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,127 shares of the Internet company based in Singapore’s stock after purchasing an additional 112,799 shares during the period. New York State Common Retirement Fund’s holdings in SEA were worth $29,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SE. Kaizen Investment Management Pte. Ltd. bought a new position in shares of SEA during the third quarter worth approximately $587,544,000. WCM Investment Management LLC increased its stake in SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock worth $1,971,303,000 after acquiring an additional 5,517,559 shares during the period. Baillie Gifford & Co. increased its stake in SEA by 15.5% during the 3rd quarter. Baillie Gifford & Co. now owns 39,564,018 shares of the Internet company based in Singapore’s stock worth $3,730,096,000 after acquiring an additional 5,295,590 shares during the period. Perpetual Ltd increased its stake in SEA by 3,033.0% during the 4th quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock worth $222,598,000 after acquiring an additional 2,031,038 shares during the period. Finally, CoreView Capital Management Ltd increased its stake in SEA by 341.1% during the 3rd quarter. CoreView Capital Management Ltd now owns 1,996,376 shares of the Internet company based in Singapore’s stock worth $188,218,000 after acquiring an additional 1,543,743 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 2.5 %

NYSE SE opened at $132.75 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of 0.36. Sea Limited has a twelve month low of $43.27 and a twelve month high of $139.18. The company has a market cap of $75.98 billion, a price-to-earnings ratio of 884.99 and a beta of 1.55. The business’s fifty day moving average is $117.09 and its 200 day moving average is $101.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SE shares. Dbs Bank upgraded SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. Wedbush restated an “outperform” rating and set a $105.00 price objective (up previously from $84.00) on shares of SEA in a research note on Monday, November 4th. Benchmark raised their price objective on SEA from $94.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities restated a “reduce” rating and set a $100.00 price objective (up previously from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, TD Cowen lifted their price target on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.21.

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.