Teacher Retirement System of Texas Has $54.71 Million Stock Position in Sea Limited (NYSE:SE)

Teacher Retirement System of Texas boosted its stake in Sea Limited (NYSE:SE) by 184.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 515,663 shares of the Internet company based in Singapore’s stock after buying an additional 334,513 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of SEA worth $54,712,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SE. Private Trust Co. NA grew its stake in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 204 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of SEA during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC grew its position in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of SEA during the 3rd quarter worth approximately $41,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of SEA during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SE stock opened at $127.07 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62. Sea Limited has a 52 week low of $51.70 and a 52 week high of $147.73. The firm’s fifty day moving average is $124.94 and its 200 day moving average is $109.07. The firm has a market cap of $72.73 billion, a P/E ratio of 847.15 and a beta of 1.61.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of SEA from $133.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 5th. Jefferies Financial Group increased their target price on shares of SEA from $131.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. Barclays increased their target price on shares of SEA from $148.00 to $182.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group upped their price target on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Phillip Securities raised shares of SEA from a “moderate sell” rating to a “hold” rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

SEA Company Profile

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.