Flputnam Investment Management Co. Makes New Investment in Sea Limited Sponsored ADR $SE

Key Points

• Flputnam Investment Management Co. purchased 1,721 shares of Sea Limited Sponsored ADR, valued at approximately $225,000, indicating growing institutional interest in the company.
• Sea Limited reported a 38.2% increase in revenue year-over-year, totaling $5.26 billion, although its earnings per share missed expectations.
• The stock had a market cap of $106.64 billion and experienced a 1.3% increase in value, currently trading at $181.02.

Flputnam Investment Management Co. 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 disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,721 shares of the Internet company based in Singapore's stock, valued at approximately $225,000.

Several other large investors also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after buying an additional 5,153 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after purchasing an additional 279 shares during the period. Brucke Financial Inc. acquired a new position in SEA in the fourth quarter worth $211,000. Sowell Financial Services LLC acquired a new position in shares of SEA during the first quarter valued at $216,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Benchmark boosted their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Loop Capital reissued a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, SEA has an average rating of "Moderate Buy" and an average price target of $173.99.

SEA Stock Up 0.8%

NYSE:SE traded up $1.60 on Tuesday, hitting $192.17. 1,465,724 shares of the company's stock traded hands, compared to its average volume of 4,566,750. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 1 year low of $76.38 and a 1 year high of $195.00. The firm has a 50-day moving average price of $165.54 and a 200-day moving average price of $148.86. The company has a market cap of $113.21 billion, a PE ratio of 99.52 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The company's revenue was up 38.2% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA 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.