Sea Limited Sponsored ADR $SE Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Sea Limited by 119.7% in the first quarter, acquiring 181,416 additional shares to total 332,947 shares worth approximately $43.4 million.
• Equities analysts generally maintain a positive outlook on Sea Limited, with an average rating of "Moderate Buy" and a price target of $173.49, although some ratings have been recently adjusted.
• In its latest earnings report, Sea Limited reported a net margin of 6.23% and a 38.2% increase in quarterly revenue year-over-year, despite missing earnings-per-share estimates.

American Century Companies Inc. boosted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 119.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 332,947 shares of the Internet company based in Singapore's stock after purchasing an additional 181,416 shares during the quarter. American Century Companies Inc. owned approximately 0.06% of SEA worth $43,446,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SE. Smithfield Trust Co bought a new position in SEA in the first quarter worth about $25,000. Sava Infond d.o.o. purchased a new stake in shares of SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC grew its stake in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of SEA during the first quarter worth about $28,000. Finally, Fifth Third Bancorp grew its stake in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after acquiring an additional 195 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Barclays boosted their price target on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Macquarie restated an "outperform" rating and set a $219.90 price target (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Benchmark boosted their price target on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Finally, Wedbush upped their target price on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $173.49.

SEA Price Performance

NYSE SE traded up $5.82 during mid-day trading on Friday, hitting $185.42. The stock had a trading volume of 4,862,230 shares, compared to its average volume of 4,715,185. The firm's 50 day moving average is $159.15 and its 200 day moving average is $144.51. Sea Limited Sponsored ADR has a twelve month low of $75.67 and a twelve month high of $185.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a market capitalization of $109.23 billion, a price-to-earnings ratio of 96.07 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last posted 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). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period in the prior year, the company posted $0.14 earnings per share. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.