Public Employees Retirement Association of Colorado Decreases Stock Holdings in Sea Limited (NYSE:SE)

Public Employees Retirement Association of Colorado decreased its stake in shares of Sea Limited (NYSE:SE) by 3.9% during the first quarter, HoldingsChannel reports. The firm owned 74,723 shares of the Internet company based in Singapore’s stock after selling 3,000 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in SEA were worth $4,013,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Tree Line Advisors Hong Kong Ltd. bought a new stake in shares of SEA during the 1st quarter valued at about $48,876,000. Quadrature Capital Ltd bought a new stake in shares of SEA during the 1st quarter valued at about $7,324,000. Cloverfields Capital Group LP boosted its stake in shares of SEA by 90.6% during the 1st quarter. Cloverfields Capital Group LP now owns 42,228 shares of the Internet company based in Singapore’s stock valued at $2,268,000 after purchasing an additional 20,067 shares in the last quarter. Wolf Hill Capital Management LP bought a new stake in shares of SEA during the 1st quarter valued at about $45,104,000. Finally, Toronto Dominion Bank boosted its stake in shares of SEA by 2,958.7% during the 1st quarter. Toronto Dominion Bank now owns 696,463 shares of the Internet company based in Singapore’s stock valued at $37,407,000 after purchasing an additional 673,693 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Price Performance

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

SEA (NYSE:SE) last issued its 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 return on equity of 0.80% and a net margin of 0.39%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company posted $0.15 EPS. SEA’s revenue was up 22.8% compared to the same quarter last year. As a group, analysts predict that Sea Limited will post 0.62 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup dropped their price objective on shares of SEA from $81.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Barclays boosted their price objective on shares of SEA from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $78.00 price objective (down from $84.00) on shares of SEA in a report on Tuesday, June 25th. Loop Capital boosted their price objective on shares of SEA from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $60.00 price objective on shares of SEA in a report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target 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.