ASR Vermogensbeheer N.V. Takes $8.66 Million Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Sea Limited valued at approximately $8.66 million, marking a significant investment in the company's stock.
• Sea Limited reported quarterly earnings of $0.65 EPS, which fell short of the consensus estimate of $0.93 EPS, while revenue increased by 29.6% year-over-year.
• Wall Street analysts have mixed opinions on Sea Limited, with ratings ranging from "buy" to "neutral", and a target price as high as $190 set by JPMorgan Chase & Co.

ASR Vermogensbeheer N.V. acquired a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,383 shares of the Internet company based in Singapore's stock, valued at approximately $8,661,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SE. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a report on Friday, May 9th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Benchmark increased their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $159.82.

SEA Price Performance

SEA stock opened at $148.16 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 52-week low of $60.70 and a 52-week high of $172.65. The firm has a market cap of $87.28 billion, a PE ratio of 104.34 and a beta of 1.58. The company's 50 day moving average is $157.13 and its two-hundred day moving average is $140.16.

SEA (NYSE:SE - Get Free Report) last announced 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). SEA had a net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm's revenue was up 29.6% on a year-over-year basis. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

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.

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