1,550 Shares in Sea Limited Sponsored ADR $SE Bought by Adalta Capital Management LLC

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 stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,550 shares of the Internet company based in Singapore's stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 2,082.7% during the first 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 acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC acquired a new position in SEA during the first quarter worth $336,521,000. Fred Alger Management LLC grew its holdings in SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after acquiring an additional 1,528,301 shares during the period. Scge Management L.P. grew its holdings 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 acquiring an additional 1,251,000 shares during the period. Finally, Nuveen LLC acquired a new position in SEA during the first quarter worth $162,796,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the topic of a number of recent analyst reports. Macquarie reaffirmed an "outperform" rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Benchmark upped their price objective on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Finally, Loop Capital reiterated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.99.

SEA Price Performance

Shares of NYSE:SE traded up $0.80 on Wednesday, hitting $193.47. The company had a trading volume of 2,483,453 shares, compared to its average volume of 3,734,781. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 52-week low of $76.38 and a 52-week high of $195.00. The business has a 50 day moving average of $167.27 and a 200 day moving average of $149.47. The company has a market cap of $113.98 billion, a PE ratio of 100.24 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last released its earnings results 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). SEA had a net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal 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.