Tiger Pacific Capital LP Acquires New Shares in Sea Limited Sponsored ADR $SE

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 Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 holdings, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Scge Management L.P. increased its holdings in SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock valued at $281,858,000 after buying an additional 1,251,000 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of SEA by 8.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 156,322 shares of the Internet company based in Singapore's stock worth $20,398,000 after purchasing an additional 11,996 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of SEA by 14.7% during the first quarter. NewEdge Advisors LLC now owns 16,358 shares of the Internet company based in Singapore's stock worth $2,135,000 after purchasing an additional 2,092 shares in the last quarter. Infusive Asset Management Inc. purchased a new stake in shares of SEA during the first quarter worth about $1,511,000. Finally, KADENSA CAPITAL Ltd increased its stake in shares of SEA by 136.2% during the first quarter. KADENSA CAPITAL Ltd now owns 153,575 shares of the Internet company based in Singapore's stock worth $20,040,000 after purchasing an additional 88,565 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Up 0.4%

SEA stock traded up $0.72 during trading on Friday, reaching $197.22. 1,401,484 shares of the company were exchanged, compared to its average volume of 4,546,591. The stock's 50 day simple moving average is $168.21 and its two-hundred day simple moving average is $149.95. The company has a market capitalization of $116.18 billion, a P/E ratio of 102.12 and a beta of 1.53. 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 52-week low of $78.51 and a 52-week high of $199.30.

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 (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 company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the business earned $0.14 earnings per share. The firm's revenue was up 38.2% compared to the same quarter last year. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SE shares. JPMorgan Chase & Co. boosted their target price on shares of SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday. Arete cut SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research report on Wednesday, September 3rd. Arete Research downgraded SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Benchmark lifted their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $176.85.

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.