8,067 Shares in Sea Limited Sponsored ADR $SE Purchased by Sheets Smith Investment Management

Key Points

• Sheets Smith Investment Management purchased 8,067 shares of Sea Limited Sponsored ADR, valued at approximately $1,053,000, making it the firm's 28th largest holding.
• SEA's recent earnings report showed an EPS of $0.65, missing estimates by $0.38, although revenue increased by 38.2% year-over-year.
• Analyst ratings for SEA are mixed, with one strong buy, nine buy, and five hold ratings, resulting in a consensus rating of "Moderate Buy" and an average target price of $176.85.

Sheets Smith Investment Management purchased a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,067 shares of the Internet company based in Singapore's stock, valued at approximately $1,053,000. SEA accounts for about 1.0% of Sheets Smith Investment Management's portfolio, making the stock its 28th biggest holding.

Other hedge funds have also bought and sold shares of the company. Smithfield Trust Co acquired a new position in SEA in the first quarter valued at about $25,000. Sava Infond d.o.o. acquired a new position in SEA in the first quarter valued at about $26,000. Tradewinds Capital Management LLC raised its stake in SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of SEA during the 1st quarter worth approximately $28,000. Finally, Fifth Third Bancorp lifted its holdings in shares of SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after acquiring an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

SEA Price Performance

Shares of SE opened at $196.55 on Friday. Sea Limited Sponsored ADR has a 12-month low of $78.51 and a 12-month high of $199.30. The business has a 50-day simple moving average of $168.21 and a two-hundred day simple moving average of $149.95. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The stock has a market cap of $115.79 billion, a PE ratio of 101.84 and a beta of 1.53.

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 firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period in the previous year, the company earned $0.14 EPS. SEA's revenue for the quarter was up 38.2% on a year-over-year basis. Analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.

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