AQR Capital Management LLC Trims Stock Holdings 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 decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 35.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Smithfield Trust Co bought a new stake in SEA in the 1st quarter worth approximately $25,000. Sava Infond d.o.o. purchased a new position in SEA in the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC increased its stake in SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares during the period. Inlight Wealth Management LLC purchased a new position in SEA in the 1st quarter worth approximately $28,000. Finally, Fifth Third Bancorp increased its stake in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares during the period. Institutional investors own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SE shares. Arete Research cut SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Benchmark lifted 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. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.85.

SEA Stock Down 2.8%

SE stock traded down $5.43 during midday trading on Monday, hitting $190.62. The stock had a trading volume of 3,214,896 shares, compared to its average volume of 3,454,975. The firm has a market cap of $112.30 billion, a price-to-earnings ratio of 98.77 and a beta of 1.53. The business has a 50-day moving average of $169.94 and a two-hundred day moving average of $151.21. Sea Limited Sponsored ADR has a 52-week low of $78.51 and a 52-week high of $199.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, 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.