Atria Wealth Solutions Inc. Acquires 4,447 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Atria Wealth Solutions Inc. increased its stake in Sea Limited by 110.8% in Q1, acquiring 4,447 additional shares to bring its total holdings to 8,460 shares worth approximately $1.1 million.
• Institutional investors own 59.53% of Sea Limited's stock, reflecting a significant interest from hedge funds, including Oversea Chinese Banking Corp, which raised its stake by 2,082.7%.
• Multiple brokerages have issued ratings on Sea Limited, with Loop Capital and JPMorgan Chase upgrading their price targets to $190.00 and maintaining a "buy" rating, while Wall Street Zen downgraded its rating to "hold."

Atria Wealth Solutions Inc. boosted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 110.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,460 shares of the Internet company based in Singapore's stock after acquiring an additional 4,447 shares during the period. Atria Wealth Solutions Inc.'s holdings in SEA were worth $1,104,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Smithfield Trust Co bought a new stake in SEA in the first quarter valued at about $25,000. Sava Infond d.o.o. bought a new stake in SEA in the first quarter valued at about $26,000. Tradewinds Capital Management LLC increased its holdings 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 valued at $26,000 after purchasing an additional 100 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in SEA in the first quarter valued at about $28,000. Finally, Fifth Third Bancorp increased its holdings in SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Wedbush increased their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $172.33.

SEA Price Performance

Shares of NYSE SE traded up $0.32 during mid-day trading on Wednesday, reaching $174.44. The company had a trading volume of 7,749,298 shares, compared to its average volume of 5,048,283. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $181.76. The firm has a market cap of $102.76 billion, a price-to-earnings ratio of 90.38 and a beta of 1.58. The business's 50-day simple moving average is $156.54 and its 200 day simple moving average is $141.57.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). SEA had a return on equity of 14.17% and a net margin of 6.23%. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. SEA's quarterly revenue was up 38.2% compared to the same quarter last year. On average, research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal 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.