State of New Jersey Common Pension Fund D Has $8.78 Million Stock Holdings in Sea Limited (NYSE:SE)

State of New Jersey Common Pension Fund D decreased its position in shares of Sea Limited (NYSE:SE) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 216,800 shares of the Internet company based in Singapore’s stock after selling 113,352 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SEA were worth $8,780,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Syon Capital LLC bought a new position in SEA during the 4th quarter worth approximately $357,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of SEA by 19.2% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,000 shares of the Internet company based in Singapore’s stock valued at $1,256,000 after acquiring an additional 5,000 shares in the last quarter. Watershed Asset Management L.L.C. increased its stake in shares of SEA by 36.4% in the 4th quarter. Watershed Asset Management L.L.C. now owns 29,600 shares of the Internet company based in Singapore’s stock valued at $1,199,000 after acquiring an additional 7,900 shares in the last quarter. Financial Perspectives Inc increased its stake in shares of SEA by 5.1% in the 4th quarter. Financial Perspectives Inc now owns 13,296 shares of the Internet company based in Singapore’s stock valued at $538,000 after acquiring an additional 645 shares in the last quarter. Finally, SlateStone Wealth LLC increased its stake in shares of SEA by 6.8% in the 4th quarter. SlateStone Wealth LLC now owns 14,778 shares of the Internet company based in Singapore’s stock valued at $599,000 after acquiring an additional 937 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SE shares. Daiwa Capital Markets upgraded shares of SEA from a “neutral” rating to a “buy” rating in a report on Friday, February 2nd. Wedbush upped their price objective on shares of SEA from $45.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $43.00 to $70.00 in a report on Tuesday, March 5th. Sanford C. Bernstein upped their price objective on shares of SEA from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, HSBC upped their target price on shares of SEA from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

SEA Stock Performance

SE traded up $0.03 during trading on Friday, hitting $62.86. 4,640,841 shares of the company traded hands, compared to its average volume of 6,556,255. The firm has a market cap of $35.50 billion, a P/E ratio of 261.38 and a beta of 1.50. The stock’s fifty day moving average is $54.23 and its 200 day moving average is $45.04. The company has a quick ratio of 1.43, a current ratio of 1.44 and a debt-to-equity ratio of 0.46. Sea Limited has a one year low of $34.35 and a one year high of $88.39.

SEA (NYSE:SE) last posted its quarterly earnings results on Monday, March 4th. The Internet company based in Singapore reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.57 billion. SEA had a net margin of 1.27% and a return on equity of 2.54%. SEA’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, equities analysts predict that Sea Limited will post 0.72 EPS for the current fiscal year.

SEA Company 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 eSports operations.