AE Wealth Management LLC Invests $295,000 in Sea Limited Sponsored ADR (NYSE:SE)

AE Wealth Management LLC purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,264 shares of the Internet company based in Singapore's stock, valued at approximately $295,000.

A number of other large investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its stake in shares of SEA by 59,055.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 5,324 shares of the Internet company based in Singapore's stock valued at $582,000 after buying an additional 5,315 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in SEA by 47.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 23,993 shares of the Internet company based in Singapore's stock worth $2,546,000 after purchasing an additional 7,706 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in SEA by 5.2% in the fourth quarter. Alliancebernstein L.P. now owns 94,826 shares of the Internet company based in Singapore's stock worth $10,061,000 after purchasing an additional 4,713 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in SEA by 100.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 15,035 shares of the Internet company based in Singapore's stock valued at $1,595,000 after purchasing an additional 7,535 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in SEA by 22.7% during the fourth quarter. National Bank of Canada FI now owns 516,671 shares of the Internet company based in Singapore's stock worth $54,819,000 after acquiring an additional 95,472 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.82.

SEA Price Performance

NYSE:SE traded down $2.44 during mid-day trading on Friday, reaching $154.21. 2,767,347 shares of the stock were exchanged, compared to its average volume of 3,874,490. The business has a fifty day moving average price of $158.12 and a 200 day moving average price of $139.04. The firm has a market capitalization of $90.85 billion, a PE ratio of 110.32 and a beta of 1.58. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE - Get Free Report) last released its 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 analyst estimates of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. Research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.