Adalta Capital Management LLC Makes New $202,000 Investment in Sea Limited Sponsored ADR $SE

Key Points

• Adalta Capital Management LLC has invested approximately $202,000 in Sea Limited, acquiring 1,550 shares during the first quarter.
• The company reported a quarterly earnings result of $0.65 EPS, falling short of the consensus estimate of $1.03 but showing a revenue increase of 38.2% year-over-year.
• Several analysts have raised price targets for Sea Limited's stock, with Barclays setting a new objective at $214.00 while maintaining an "overweight" rating.

Adalta Capital Management LLC bought a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,550 shares of the Internet company based in Singapore's stock, valued at approximately $202,000.

Other hedge funds have also modified their holdings of the company. MAI Capital Management boosted its position in shares of SEA by 7.3% in the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after purchasing an additional 82 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of SEA by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares during the last quarter. State of Wyoming boosted its position in shares of SEA by 3.1% in the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. boosted its position in shares of SEA by 4.8% in the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after purchasing an additional 93 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in shares of SEA by 13.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 0.1%

Shares of SE traded down $0.24 during midday trading on Friday, hitting $196.26. The stock had a trading volume of 3,048,989 shares, compared to its average volume of 3,519,849. The company has a 50 day simple moving average of $169.15 and a two-hundred day simple moving average of $150.45. Sea Limited Sponsored ADR has a twelve month low of $78.51 and a twelve month high of $199.30. The firm has a market cap of $115.62 billion, a price-to-earnings ratio of 101.69 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 (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. On average, analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Saturday. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Barclays lifted their target price on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. lifted their target price on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday. One investment 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $176.85.

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.