Angeles Wealth Management LLC Acquires Shares of 2,297 Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Angeles Wealth Management LLC has invested $300,000 in Sea Limited Sponsored ADR, acquiring 2,297 shares in the first quarter.
• Various institutional investors have increased their stakes in Sea Limited, with hedge funds owning approximately 59.53% of the stock.
• Sea Limited reported a quarterly loss of $0.65 per share, missing analyst estimates, despite a revenue increase of 29.6% year-over-year.

Angeles Wealth Management LLC bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,297 shares of the Internet company based in Singapore's stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in SEA by 42.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after purchasing an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after acquiring an additional 279 shares during the period. Brucke Financial Inc. acquired a new position in SEA in the fourth quarter valued at about $211,000. Sowell Financial Services LLC acquired a new position in SEA in the first quarter valued at about $216,000. Finally, Assenagon Asset Management S.A. grew its stake in SEA by 10.9% in the first 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 acquiring an additional 476 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

NYSE:SE traded down $0.99 on Wednesday, hitting $159.47. The company's stock had a trading volume of 1,064,596 shares, compared to its average volume of 4,558,139. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $158.31 and a two-hundred day moving average of $138.40. The firm has a market capitalization of $93.94 billion, a P/E ratio of 112.26 and a beta of 1.60. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. SEA's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. Research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SE shares. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Barclays upped their price objective on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Finally, Loop Capital reaffirmed a "buy" rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

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.