Flputnam Investment Management Co. Takes $225,000 Position 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. bought a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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. Apis Capital Advisors LLC grew its holdings in SEA by 2.7% in the first quarter. Apis Capital Advisors LLC now owns 38,000 shares of the Internet company based in Singapore's stock valued at $4,959,000 after purchasing an additional 1,000 shares during the last quarter. MAI Capital Management grew its holdings in SEA by 7.3% in the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock valued at $156,000 after purchasing an additional 82 shares during the last quarter. Ardmore Road Asset Management LP acquired a new stake in SEA in the first quarter valued at $26,098,000. Totem Point Management LLC grew its holdings in SEA by 162.2% in the first quarter. Totem Point Management LLC now owns 85,958 shares of the Internet company based in Singapore's stock valued at $11,217,000 after purchasing an additional 53,169 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in SEA in the first quarter valued at $7,853,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 1.0%

NYSE:SE traded up $1.91 during mid-day trading on Friday, reaching $191.62. The company's stock had a trading volume of 4,429,415 shares, compared to its average volume of 4,707,325. The company's fifty day simple moving average is $164.94 and its two-hundred day simple moving average is $148.32. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a twelve month low of $75.91 and a twelve month high of $192.28. The stock has a market cap of $112.89 billion, a P/E ratio of 99.29 and a beta of 1.53.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SE shares. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Macquarie reaffirmed an "outperform" rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a research note on Wednesday. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.99.

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.