Allianz Asset Management GmbH Grows Stake in Sea Limited Sponsored ADR (NYSE:SE)

Allianz Asset Management GmbH raised its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 62.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,598 shares of the Internet company based in Singapore's stock after purchasing an additional 139,967 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of SEA worth $47,446,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of SEA by 2,082.7% in the 1st 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 purchasing an additional 27,448,779 shares in the last quarter. Norges Bank bought a new stake in shares of SEA in the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors boosted its position in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of SEA by 12.6% in the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after purchasing an additional 329,881 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Benchmark upped their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $159.82.

SEA Price Performance

Shares of SEA stock traded up $0.20 during trading on Friday, reaching $158.07. 3,009,695 shares of the stock traded hands, compared to its average volume of 4,606,487. The company has a market capitalization of $93.12 billion, a price-to-earnings ratio of 111.23 and a beta of 1.60. The business has a fifty day simple moving average of $158.42 and a two-hundred day simple moving average of $137.28. 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 52-week low of $55.00 and a 52-week high of $172.65.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The business's revenue was up 29.6% compared to the same quarter last year. During the same period last year, the business posted ($0.04) earnings per share. Sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current 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.