Aigen Investment Management LP Cuts Stock Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Aigen Investment Management LP reduced its stake in Sea Limited by 72.1%, now holding 3,130 shares valued at approximately $408,000.
• Oversea Chinese Banking Corp Ltd made significant gains by increasing its holdings in Sea Limited by 2,082.7%, acquiring over 27 million additional shares valued at nearly $3.75 billion.
• Sea Limited reported $5.26 billion in revenue for the last quarter, exceeding analyst expectations, although its earnings per share of $0.65 fell short of forecasts by $0.38.

Aigen Investment Management LP lessened its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 72.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,130 shares of the Internet company based in Singapore's stock after selling 8,082 shares during the period. Aigen Investment Management LP's holdings in SEA were worth $408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Capital Research Global Investors grew its holdings in SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in SEA by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after purchasing an additional 111,400 shares during the last quarter. Northern Trust Corp grew its holdings in SEA by 12.6% in the fourth quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock valued at $312,607,000 after purchasing an additional 329,881 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in SEA in the first quarter valued at $336,521,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

SEA stock opened at $173.56 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a 12 month low of $70.00 and a 12 month high of $178.00. The company has a market cap of $102.25 billion, a price-to-earnings ratio of 122.23 and a beta of 1.58. The stock's 50-day moving average is $156.41 and its 200-day moving average is $141.34.

SEA (NYSE:SE - Get Free Report) last posted 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 net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter last year, the business posted $0.14 EPS. SEA's quarterly revenue was up 38.2% compared to the same quarter last year. Equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Loop Capital restated a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Benchmark upped their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded 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 report on Tuesday, May 13th. Finally, Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Four investment 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 stock. According to data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus price target of $164.83.

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.

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