Axiom Investors LLC DE Sells 47,414 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Axiom Investors LLC DE has reduced its stake in Sea Limited by 7.5%, selling 47,414 shares and holding a total of 581,760 shares worth approximately $75.9 million.
• Several brokerages have revised their ratings on Sea Limited, with Arete downgrading the stock from "buy" to "neutral" and JPMorgan upgrading it from "neutral" to "overweight" while raising the target price from $135 to $190.
• Sea Limited's recent quarterly earnings revealed a miss on EPS estimates, reporting $0.65 compared to expectations of $1.03, but achieved revenues of $5.26 billion, exceeding consensus estimates.

Axiom Investors LLC DE trimmed its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 581,760 shares of the Internet company based in Singapore's stock after selling 47,414 shares during the period. Axiom Investors LLC DE owned 0.10% of SEA worth $75,914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smithfield Trust Co bought a new position in SEA during the first quarter worth $25,000. Sava Infond d.o.o. bought a new position in SEA during the first quarter worth $26,000. Tradewinds Capital Management LLC boosted its position 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 purchasing an additional 100 shares during the period. Inlight Wealth Management LLC bought a new position in SEA during the first quarter worth $28,000. Finally, Fifth Third Bancorp boosted its position 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 purchasing an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on SE. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research report on Wednesday, September 3rd. Wedbush boosted their target price 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. Finally, Benchmark boosted their target price on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $176.85.

SEA Price Performance

Shares of SE stock traded down $0.24 on Friday, reaching $196.26. The company had a trading volume of 3,048,989 shares, compared to its average volume of 3,519,849. The stock has a market capitalization of $115.62 billion, a PE ratio of 101.69 and a beta of 1.53. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a one year low of $78.51 and a one year high of $199.30. The business's 50-day moving average is $169.15 and its 200 day moving average is $150.45.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS 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 the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm's revenue was up 38.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. Equities research analysts forecast 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.