Public Sector Pension Investment Board Has $18.08 Million Holdings in Sea Limited (NYSE:SE)

Public Sector Pension Investment Board grew its stake in shares of Sea Limited (NYSE:SE) by 24.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 191,807 shares of the Internet company based in Singapore’s stock after purchasing an additional 38,100 shares during the quarter. Public Sector Pension Investment Board’s holdings in SEA were worth $18,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its position in SEA by 213.7% during the third quarter. Rosenberg Matthew Hamilton now owns 298 shares of the Internet company based in Singapore’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in SEA during the second quarter worth approximately $32,000. Truvestments Capital LLC acquired a new stake in SEA during the third quarter worth approximately $41,000. Hexagon Capital Partners LLC raised its position in shares of SEA by 63.1% in the second quarter. Hexagon Capital Partners LLC now owns 654 shares of the Internet company based in Singapore’s stock valued at $47,000 after buying an additional 253 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of SEA in the third quarter valued at approximately $47,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SE shares. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $66.00 to $90.00 in a research report on Wednesday, August 14th. Barclays lifted their price objective on shares of SEA from $94.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Benchmark lifted their price objective on shares of SEA from $94.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Phillip Securities reissued a “reduce” rating and issued a $100.00 price objective (up from $80.00) on shares of SEA in a research note on Tuesday, November 19th. Finally, Wedbush reissued an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.21.

SEA Stock Performance

Shares of SEA stock opened at $115.71 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 $34.35 and a twelve month high of $117.85. The stock has a market cap of $66.23 billion, a price-to-earnings ratio of 771.40 and a beta of 1.52. The company’s fifty day moving average is $99.42 and its 200 day moving average is $82.14.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.35). The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) EPS. Sell-side analysts forecast that Sea Limited will post 0.81 EPS for the current year.

About SEA

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.