Blue Barn Wealth LLC Acquires Shares of 1,836 Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Blue Barn Wealth LLC purchased 1,836 shares of Sea Limited, valued at approximately $240,000, indicating institutional interest in the Internet company based in Singapore.
• Sea Limited reported a Q1 EPS of $0.65, missing estimates, while revenue of $4.84 billion showed a 29.6% year-over-year increase.
• Wall Street analysts have mixed views on Sea Limited, with a consensus rating of "Moderate Buy" and an average price target of $159.82 despite recent downgrades and upgrades from various firms.

Blue Barn Wealth LLC purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,836 shares of the Internet company based in Singapore's stock, valued at approximately $240,000.

Other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co bought a new position in SEA in the 1st quarter worth $25,000. Sava Infond d.o.o. bought a new position in SEA in the 1st quarter worth $26,000. Tradewinds Capital Management LLC raised its holdings in SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new position in SEA in the 1st quarter worth $28,000. Finally, Fifth Third Bancorp raised its holdings in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on SE shares. Barclays upped their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Finally, Loop Capital reiterated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average target price of $159.82.

SEA Stock Down 0.7%

NYSE:SE traded down $1.11 on Friday, reaching $147.75. 3,845,296 shares of the stock traded hands, compared to its average volume of 4,109,078. The company has a market capitalization of $87.04 billion, a price-to-earnings ratio of 104.05 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12 month low of $62.40 and a 12 month high of $172.65. The company's fifty day simple moving average is $156.64 and its 200 day simple moving average is $140.60.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

About SEA

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.