AQR Capital Management LLC Lowers Stake in Sea Limited Sponsored ADR $SE

Key Points

• AQR Capital Management LLC reduced its holdings in Sea Limited Sponsored ADR by 35.2%, owning 149,650 shares after selling 81,130 during the 1st quarter.
• Sea Limited reported a Q2 EPS of $0.65, missing estimates by $0.38, but achieved a revenue of $5.26 billion, surpassing expectations of $5 billion.
• Several analysts have upgraded their price targets for Sea Limited, with Loop Capital setting a target of $190.00 and Macquarie raising it to $219.90.

AQR Capital Management LLC lessened its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,650 shares of the Internet company based in Singapore's stock after selling 81,130 shares during the quarter. AQR Capital Management LLC's holdings in SEA were worth $18,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Federation des caisses Desjardins du Quebec increased its holdings in SEA by 14.0% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 64,244 shares of the Internet company based in Singapore's stock worth $8,385,000 after purchasing an additional 7,881 shares during the period. Flputnam Investment Management Co. purchased a new position in SEA during the 1st quarter valued at about $225,000. Apis Capital Advisors LLC grew its holdings in shares of SEA by 2.7% during the first quarter. Apis Capital Advisors LLC now owns 38,000 shares of the Internet company based in Singapore's stock worth $4,959,000 after buying an additional 1,000 shares in the last quarter. MAI Capital Management grew its holdings in SEA by 7.3% in the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock valued at $156,000 after purchasing an additional 82 shares during the period. Finally, Ardmore Road Asset Management LP acquired a new position in SEA during the first quarter valued at approximately $26,098,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent research reports. Benchmark upped their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Arete cut SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective for the company. in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their target price on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Macquarie restated an "outperform" rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $176.85.

SEA Stock Performance

SEA stock traded down $0.24 during mid-day trading on Friday, reaching $196.26. 3,048,989 shares of the company's stock were exchanged, compared to its average volume of 3,519,849. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $169.15 and its 200 day simple moving average is $150.45. Sea Limited Sponsored ADR has a one year low of $78.51 and a one year high of $199.30. The firm has a market capitalization of $115.62 billion, a PE ratio of 101.69 and a beta of 1.53.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share 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.