Sea Limited Sponsored ADR (NYSE:SE) is AIA Group Ltd's 8th Largest Position

Key Points

• AIA Group Ltd has reduced its stake in Sea Limited by 5.1% to 468,034 shares after selling 24,952 shares in the first quarter, with SEA representing approximately 1.5% of AIA's investment portfolio.
• Sea Limited reported earnings of $0.65 EPS, missing estimates of $0.93 EPS, with a total revenue of $4.84 billion for the quarter, not meeting the projected $4.90 billion.
• Wall Street analysts have a consensus rating of "Moderate Buy" for SEA, with a target price averaging $159.82, while various firms have set individual price targets as high as $190.00.

AIA Group Ltd trimmed its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 468,034 shares of the Internet company based in Singapore's stock after selling 24,952 shares during the quarter. SEA comprises approximately 1.5% of AIA Group Ltd's investment portfolio, making the stock its 8th biggest position. AIA Group Ltd owned about 0.08% of SEA worth $61,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Pacer Advisors Inc. lifted its holdings in shares of SEA by 2.9% in the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after acquiring an additional 87 shares during the last quarter. State of Wyoming lifted its holdings in shares of SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. increased its stake in shares of SEA by 4.8% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after buying an additional 93 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of SEA by 13.3% in the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after buying an additional 100 shares during the period. Finally, Tradewinds Capital Management LLC increased its stake in shares of 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 buying an additional 100 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Trading Up 0.2%

Shares of SEA stock traded up $0.32 on Wednesday, reaching $174.44. 7,749,298 shares of the company's stock were exchanged, compared to its average volume of 5,048,283. The company has a market capitalization of $102.76 billion, a P/E ratio of 90.38 and a beta of 1.58. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $181.76. The firm's 50-day moving average is $156.54 and its two-hundred day moving average is $141.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51.

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 14.17% and a net margin of 6.23%. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. SEA's revenue for the quarter was up 38.2% on a year-over-year basis. Sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SE. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Benchmark upped their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Barclays increased their target price on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average target price of $172.33.

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.