Ardmore Road Asset Management LP Acquires Shares of 200,000 Sea Limited Sponsored ADR $SE

Key Points

• Ardmore Road Asset Management LP purchased 200,000 shares of Sea Limited Sponsored ADR (NYSE:SE) for approximately $26.1 million, making SEA their 16th largest holding.
• Sea Limited reported earnings per share of $0.65, missing estimates of $1.03, while their revenue increased by 38.2% year-over-year to $5.26 billion.
• Wall Street analysts have a Moderate Buy rating on SEA stock, with an average price target of $173.49, indicating positive sentiment towards the company's growth prospects.

Ardmore Road Asset Management LP purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 200,000 shares of the Internet company based in Singapore's stock, valued at approximately $26,098,000. SEA comprises approximately 2.6% of Ardmore Road Asset Management LP's holdings, making the stock its 16th largest position.

A number of other institutional investors have also recently made changes to their positions in the stock. 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 buying an additional 27,448,779 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its position in shares of SEA by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after purchasing an additional 111,400 shares in the last quarter. Northern Trust Corp boosted its position in shares of SEA by 9.3% during the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock valued at $420,140,000 after purchasing an additional 273,366 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of SEA during the 1st quarter valued at about $336,521,000. Finally, CoreView Capital Management Ltd boosted its position in shares of SEA by 9.8% during the 4th quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock valued at $232,529,000 after purchasing an additional 195,225 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SE. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Arete Research downgraded SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a report on Wednesday. Finally, Benchmark upped their target price on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $173.99.

SEA Stock Performance

Shares of SE stock traded up $6.55 during trading on Thursday, hitting $187.53. The company's stock had a trading volume of 2,172,186 shares, compared to its average volume of 4,583,728. The business has a fifty day moving average of $163.68 and a 200-day moving average of $147.49. Sea Limited Sponsored ADR has a 52 week low of $75.91 and a 52 week high of $190.75. The company has a market cap of $110.47 billion, a PE ratio of 97.10 and a beta of 1.53. 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 (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same period last year, the company posted $0.14 earnings per share. SEA's revenue for the quarter was up 38.2% on a year-over-year basis. As a group, research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current 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.