Axiom Investors LLC DE Has $75.91 Million Stock Position in 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 lowered its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 581,760 shares of the Internet company based in Singapore's stock after selling 47,414 shares during the quarter. Axiom Investors LLC DE owned about 0.10% of SEA worth $75,914,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SE shares. Arete cut SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Barclays increased their price objective on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $173.99.

SEA Trading Up 1.1%

SE stock traded up $2.07 during midday trading on Tuesday, reaching $192.64. The stock had a trading volume of 3,207,445 shares, compared to its average volume of 4,545,243. The business has a fifty day simple moving average of $166.39 and a two-hundred day simple moving average of $149.16. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The firm has a market cap of $113.49 billion, a price-to-earnings ratio of 99.81 and a beta of 1.53. Sea Limited Sponsored ADR has a twelve month low of $76.38 and a twelve month high of $195.00.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's quarterly revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. As a group, research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal 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.