Avantax Advisory Services Inc. Has $2.37 Million Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Avantax Advisory Services Inc. reduced its stake in Sea Limited Sponsored ADR by 10.6%, selling 2,150 shares during the first quarter, leaving them with 18,129 shares valued at approximately $2.37 million.
• Despite a decrease in holdings by some investors, Cambridge Investment Research Advisors Inc. significantly increased its stake by 42.0% during the same period.
• In recent analyst ratings, JPMorgan Chase upgraded Sea Limited from "neutral" to "overweight", setting a new target price of $190.00, while Bank of America downgraded the stock to "neutral" with a $160.00 target.

Avantax Advisory Services Inc. decreased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,129 shares of the Internet company based in Singapore's stock after selling 2,150 shares during the period. Avantax Advisory Services Inc.'s holdings in SEA were worth $2,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sava Infond d.o.o. bought a new stake in SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC increased its stake in shares of 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 purchasing an additional 100 shares during the period. Inlight Wealth Management LLC bought a new position in shares of SEA during the first quarter worth approximately $28,000. Fifth Third Bancorp increased its stake in shares of 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 purchasing an additional 195 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of SEA during the first quarter worth approximately $34,000. Institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SE. Benchmark increased their target price on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $159.82.

SEA Price Performance

NYSE:SE traded down $2.44 during trading hours on Friday, reaching $154.21. 2,765,978 shares of the company were exchanged, compared to its average volume of 4,553,563. The company has a market capitalization of $90.85 billion, a P/E ratio of 108.60 and a beta of 1.60. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The business has a 50 day moving average of $158.12 and a 200 day moving average of $139.04.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. Research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current 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.