Maryland State Retirement & Pension System Buys Shares of 11,717 Sea Limited (NYSE:SE)

Maryland State Retirement & Pension System bought a new stake in Sea Limited (NYSE:SE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,717 shares of the Internet company based in Singapore’s stock, valued at approximately $1,014,000.

Other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its position in SEA by 107.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 580 shares of the Internet company based in Singapore’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Ronald Blue Trust Inc. increased its position in SEA by 95.0% in the first quarter. Ronald Blue Trust Inc. now owns 708 shares of the Internet company based in Singapore’s stock worth $37,000 after buying an additional 345 shares in the last quarter. Tradition Wealth Management LLC increased its position in SEA by 50.4% in the fourth quarter. Tradition Wealth Management LLC now owns 812 shares of the Internet company based in Singapore’s stock worth $42,000 after buying an additional 272 shares in the last quarter. CWM LLC increased its position in SEA by 26.3% in the fourth quarter. CWM LLC now owns 1,053 shares of the Internet company based in Singapore’s stock worth $55,000 after buying an additional 219 shares in the last quarter. Finally, Laffer Tengler Investments purchased a new stake in SEA in the first quarter worth about $66,000. Institutional investors own 73.73% of the company’s stock.

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SEA Stock Up 0.4 %

NYSE:SE opened at $57.99 on Thursday. Sea Limited has a 1 year low of $40.67 and a 1 year high of $93.70. The business has a 50 day simple moving average of $66.84 and a 200-day simple moving average of $68.07. The company has a quick ratio of 1.85, a current ratio of 1.87 and a debt-to-equity ratio of 0.54.

SEA (NYSE:SE – Free Report) last posted its quarterly earnings data on Tuesday, May 16th. The Internet company based in Singapore reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.49). The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.04 billion. SEA had a negative net margin of 7.83% and a negative return on equity of 14.44%. SEA’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned ($1.04) earnings per share. As a group, research analysts anticipate that Sea Limited will post 1.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Sanford C. Bernstein upped their price target on SEA from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. UBS Group cut SEA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $92.00 in a research report on Thursday, April 20th. Bank of America cut their target price on SEA from $92.00 to $90.00 in a research report on Wednesday, May 17th. Loop Capital increased their target price on SEA from $62.00 to $88.00 and gave the stock a “hold” rating in a research report on Thursday, April 13th. Finally, Citigroup increased their target price on SEA from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.88.

About SEA

(Free Report)

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 eSports operations.

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