Sea Limited Sponsored ADR $SE Holdings Decreased by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. reduced its holdings in Sea Limited by 22.3% in the first quarter, now owning 30,352 shares valued at approximately $3.67 million.
• Sea Limited reported quarterly earnings of $0.65 EPS, falling short of the consensus estimate of $1.03, even as revenues surged to $5.26 billion.
• Various analysts have given mixed ratings on Sea Limited, with Loop Capital issuing a "buy" rating and a price target increase to $190.00.

APG Asset Management N.V. decreased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 22.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,352 shares of the Internet company based in Singapore's stock after selling 8,707 shares during the quarter. APG Asset Management N.V.'s holdings in SEA were worth $3,667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake 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 valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its stake in shares of SEA by 3.4% in the 1st 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 in the last quarter. Northern Trust Corp lifted its stake in shares of SEA by 9.3% in the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock valued at $420,140,000 after purchasing an additional 273,366 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of SEA in the 1st quarter valued at about $336,521,000. Finally, CoreView Capital Management Ltd lifted its stake in shares of SEA by 9.8% in the 4th quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock valued at $232,529,000 after purchasing an additional 195,225 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SE. Macquarie reaffirmed an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Barclays boosted their price target on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus target price of $173.49.

SEA Stock Down 0.3%

Shares of SE traded down $0.60 during trading on Friday, reaching $185.64. The company's stock had a trading volume of 5,353,980 shares, compared to its average volume of 4,859,033. The company has a fifty day moving average of $162.13 and a two-hundred day moving average of $146.48. Sea Limited Sponsored ADR has a twelve month low of $75.67 and a twelve month high of $190.75. The company has a market cap of $109.36 billion, a price-to-earnings ratio of 96.19 and a beta of 1.58. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE - Get Free Report) last announced 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 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The business's revenue for the quarter was up 38.2% on a year-over-year basis. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal 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.