1832 Asset Management L.P. Has $110.37 Million Stock Position in Sea Limited Sponsored ADR $SE

Key Points

• 1832 Asset Management L.P. has reduced its stake in Sea Limited by 13.6%, now holding 845,800 shares valued at approximately $110.4 million.
• Barclays, JPMorgan Chase, and other analysts have uplifted their price targets for Sea Limited, with Barclays setting a new target at $214.00 and JPMorgan at $190.00.
• In its recent earnings report, Sea Limited missed EPS estimates, reporting $0.65 compared to a consensus of $1.03, although revenue increased by 38.2% year-over-year.

1832 Asset Management L.P. trimmed its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 845,800 shares of the Internet company based in Singapore's stock after selling 133,000 shares during the period. 1832 Asset Management L.P. owned about 0.14% of SEA worth $110,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the period. Kontiki Capital Management HK Ltd. increased its position in shares of SEA by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock worth $442,167,000 after acquiring an additional 111,400 shares in the last quarter. Northern Trust Corp raised its holdings in shares of SEA by 9.3% during the first quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock worth $420,140,000 after acquiring an additional 273,366 shares during the period. Jennison Associates LLC bought a new stake in SEA in the 1st quarter valued at $336,521,000. Finally, CoreView Capital Management Ltd boosted its stake in SEA by 9.8% in the 4th quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock worth $232,529,000 after purchasing an additional 195,225 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SE. Benchmark lifted their price target on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Barclays upped their price target on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and an average price target of $173.49.

SEA Stock Up 3.2%

Shares of SEA stock traded up $5.82 on Friday, reaching $185.42. 4,862,230 shares of the company were exchanged, compared to its average volume of 4,744,780. The company has a market capitalization of $109.23 billion, a price-to-earnings ratio of 96.07 and a beta of 1.58. 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 one year low of $75.67 and a one year high of $185.68. The company has a 50-day moving average of $159.15 and a 200 day moving average of $144.66.

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

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.