Morse Asset Management Inc acquired a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,047 shares of the Internet company based in Singapore's stock, valued at approximately $1,311,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Norges Bank purchased a new stake in shares of SEA during the 4th quarter valued at $1,493,682,000. Jennison Associates LLC purchased a new stake in shares of SEA during the first quarter valued at $336,521,000. Capital Research Global Investors grew its stake in shares of SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the period. Finally, FIL Ltd boosted its holdings in SEA by 46.9% in the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after buying an additional 840,550 shares during the last quarter. 59.53% of the stock is owned by institutional investors.
SEA Trading Down 0.0%
NYSE:SE traded down $0.04 during trading hours on Tuesday, hitting $155.25. The stock had a trading volume of 3,056,334 shares, compared to its average volume of 4,401,880. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The business's 50 day moving average is $158.33 and its 200-day moving average is $136.31. The company has a market cap of $91.46 billion, a price-to-earnings ratio of 109.31 and a beta of 1.60.
SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the prior year, the firm posted ($0.04) EPS. SEA's revenue was up 29.6% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Benchmark upped their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Finally, Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and an average price target of $153.17.
View Our Latest Analysis on SEA
SEA Company Profile
(
Free Report)
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.
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