280,654 Shares in Sea Limited Sponsored ADR $SE Purchased by Tiger Pacific Capital LP

Key Points

• Tiger Pacific Capital LP has acquired 280,654 shares of Sea Limited, valued at approximately $36.6 million, making it the firm's third largest holding at 13.2% of its portfolio.
• Several institutional investors have significantly increased their stakes in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd boosting its holdings by 2,082.7% during the first quarter.
• Analysts have raised their price targets for Sea Limited, with Loop Capital setting a new target of $190, indicating a generally positive outlook with a consensus rating of 'Moderate Buy'.

Tiger Pacific Capital LP acquired 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 disclosure with the SEC. The institutional investor acquired 280,654 shares of the Internet company based in Singapore's stock, valued at approximately $36,623,000. SEA makes up approximately 13.2% of Tiger Pacific Capital LP's portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also bought and sold shares of SE. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Jennison Associates LLC acquired a new position in SEA during the first quarter worth $336,521,000. Scge Management L.P. boosted its stake in SEA by 137.6% during the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock worth $281,858,000 after buying an additional 1,251,000 shares during the last quarter. Nuveen LLC purchased a new stake in SEA in the 1st quarter valued at $162,796,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SEA by 713.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after acquiring an additional 693,336 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SE. Loop Capital reissued a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Macquarie reaffirmed an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Benchmark increased their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA Trading Up 1.0%

Shares of SE stock opened at $191.62 on Friday. Sea Limited Sponsored ADR has a 1-year low of $75.91 and a 1-year high of $192.28. The firm has a market cap of $112.89 billion, a PE ratio of 99.29 and a beta of 1.53. The company has a 50-day moving average of $164.94 and a two-hundred day moving average of $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 (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during 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%.The business's revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS 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.

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