Sheets Smith Wealth Management bought a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,454 shares of the Internet company based in Singapore's stock, valued at approximately $451,000.
Other institutional investors also recently made changes to their positions in the company. Sava Infond d.o.o. bought a new position in shares of SEA during the first quarter valued at approximately $26,000. Inlight Wealth Management LLC bought a new position in shares of SEA during the first quarter valued at approximately $28,000. Fifth Third Bancorp grew its holdings in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after purchasing an additional 112 shares during the last quarter. 59.53% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Arete Research raised SEA to a "strong-buy" rating in a report on Sunday, March 23rd. UBS Group increased their price objective on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Benchmark increased their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Jefferies Financial Group increased their price objective on SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $147.15.
Check Out Our Latest Report on SEA
SEA Price Performance
NYSE SE traded up $0.87 on Friday, reaching $159.38. 4,606,544 shares of the stock traded hands, compared to its average volume of 4,379,088. The firm's fifty day simple moving average is $151.97 and its 200 day simple moving average is $131.60. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a market cap of $93.89 billion, a price-to-earnings ratio of 112.24 and a beta of 1.64. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65.
SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) 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 business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. As a group, research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.
About SEA
(
Free Report)
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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