Aragon Global Management LP Takes Position in Sea Limited Sponsored ADR $SE

Key Points

• Aragon Global Management LP acquired 12,900 shares of Sea Limited Sponsored ADR, valued at approximately $1.68 million, which represents 0.6% of its total holdings and makes it the firm's 20th largest position.
• Several hedge funds have increased their stakes in Sea Limited, with Driehaus Capital Management and Gordian Capital Singapore significantly boosting their positions by **2,751.0%** and **13,894.4%**, respectively.
• Sea Limited reported earnings of $0.65 per share, falling short of the analysts' expectations of $1.03, despite a **38.2% year-over-year revenue increase** to $5.26 billion.

Aragon Global Management LP acquired a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,900 shares of the Internet company based in Singapore's stock, valued at approximately $1,683,000. SEA comprises approximately 0.6% of Aragon Global Management LP's holdings, making the stock its 20th biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. Vident Advisory LLC grew its holdings in shares of SEA by 10.4% during the first quarter. Vident Advisory LLC now owns 41,635 shares of the Internet company based in Singapore's stock valued at $5,433,000 after buying an additional 3,922 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of SEA by 7.8% during the first quarter. Evergreen Capital Management LLC now owns 2,370 shares of the Internet company based in Singapore's stock valued at $309,000 after purchasing an additional 171 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of SEA by 2,751.0% during the first quarter. Driehaus Capital Management LLC now owns 637,544 shares of the Internet company based in Singapore's stock valued at $83,193,000 after purchasing an additional 615,182 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its position in shares of SEA by 13,894.4% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 25,190 shares of the Internet company based in Singapore's stock valued at $3,287,000 after purchasing an additional 25,010 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in shares of SEA during the first quarter valued at about $371,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Up 1.6%

SE opened at $185.87 on Friday. 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 stock has a market cap of $109.50 billion, a price-to-earnings ratio of 96.30 and a beta of 1.58. Sea Limited Sponsored ADR has a twelve month low of $75.67 and a twelve month high of $190.75. The company's 50-day moving average price is $161.49 and its two-hundred day moving average price is $146.09.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm's revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SE. Macquarie reissued an "outperform" rating and set a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Wedbush raised their price target on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Finally, Barclays raised their price target on shares of SEA from $200.00 to $214.00 and gave the company 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 issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.49.

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.

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