Assetmark Inc. Has $1.77 Million Stake in Sea Limited Sponsored ADR (NYSE:SE)

Assetmark Inc. grew its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 355.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,592 shares of the Internet company based in Singapore's stock after acquiring an additional 10,610 shares during the quarter. Assetmark Inc.'s holdings in SEA were worth $1,774,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sava Infond d.o.o. acquired a new position in SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC grew its holdings in SEA by 100.0% during 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 acquired a new position in SEA during the first quarter worth about $28,000. Fifth Third Bancorp grew its holdings 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 period. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of SEA during the first quarter valued at $34,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

NYSE:SE traded down $2.44 during mid-day trading on Friday, hitting $154.21. 2,767,347 shares of the company's stock traded hands, compared to its average volume of 3,874,490. The firm has a 50 day moving average of $158.12 and a two-hundred day moving average of $139.04. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The firm has a market capitalization of $90.85 billion, a price-to-earnings ratio of 110.32 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share 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 business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the company earned ($0.04) EPS. SEA's revenue for the quarter was up 29.6% compared to the same quarter last year. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SE shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Loop Capital reaffirmed a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Benchmark upped their target price on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Finally, Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $159.82.

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.