Algert Global LLC Buys 32,127 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Algert Global LLC increased its stake in Sea Limited Sponsored ADR by 412.1% in the first quarter, purchasing an additional 32,127 shares for a total of 39,923 shares worth approximately $5.21 million.
• Analysts have mixed opinions on SEA; while Bank of America downgraded the stock to "neutral," others such as Barclays and Macquarie have set higher price targets, signaling confidence in its growth potential.
• Sea Limited reported earnings of $0.65 per share, missing estimates, despite achieving a revenue of $5.26 billion, up 38.2% year-over-year.

Algert Global LLC raised its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 412.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,923 shares of the Internet company based in Singapore's stock after buying an additional 32,127 shares during the quarter. Algert Global LLC's holdings in SEA were worth $5,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after buying an additional 5,153 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after purchasing an additional 279 shares during the period. Brucke Financial Inc. acquired a new stake in shares of SEA during the fourth quarter worth about $211,000. Sowell Financial Services LLC bought a new position in shares of SEA during the 1st quarter valued at about $216,000. Finally, Assenagon Asset Management S.A. grew its position in shares of SEA by 10.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after purchasing an additional 476 shares during the period. Institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a report on Friday, May 9th. Barclays restated an "overweight" rating and set a $214.00 price objective (up from $200.00) on shares of SEA in a report on Thursday. Macquarie reaffirmed an "outperform" rating and issued a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus price target of $173.49.

SEA Stock Performance

Shares of NYSE SE opened at $177.11 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a 50 day moving average price of $157.10 and a 200 day moving average price of $143.04. The stock has a market capitalization of $104.34 billion, a PE ratio of 91.77 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.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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). The company 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 company's quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. Analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.

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