Axxcess Wealth Management LLC Makes New $962,000 Investment in Sea Limited Sponsored ADR (NYSE:SE)

Axxcess Wealth Management LLC purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,369 shares of the Internet company based in Singapore's stock, valued at approximately $962,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC boosted its stake in SEA by 755.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 368 shares of the Internet company based in Singapore's stock worth $44,000 after purchasing an additional 325 shares during the last quarter. Greenleaf Trust raised its holdings in shares of SEA by 2.8% during the 1st quarter. Greenleaf Trust now owns 4,210 shares of the Internet company based in Singapore's stock worth $549,000 after acquiring an additional 116 shares during the period. Ninety One UK Ltd raised its holdings in shares of SEA by 35.4% during the 1st quarter. Ninety One UK Ltd now owns 1,683,861 shares of the Internet company based in Singapore's stock worth $219,727,000 after acquiring an additional 439,973 shares during the period. China Universal Asset Management Co. Ltd. raised its holdings in shares of SEA by 22.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 34,400 shares of the Internet company based in Singapore's stock worth $4,489,000 after acquiring an additional 6,400 shares during the period. Finally, Ninety One North America Inc. raised its holdings in shares of SEA by 25.0% during the 1st quarter. Ninety One North America Inc. now owns 359,659 shares of the Internet company based in Singapore's stock worth $46,932,000 after acquiring an additional 71,946 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Down 0.8%

NYSE:SE traded down $1.24 on Friday, reaching $148.16. 2,875,024 shares of the company's stock were exchanged, compared to its average volume of 4,349,204. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $87.28 billion, a price-to-earnings ratio of 104.34 and a beta of 1.60. The business has a fifty day moving average of $156.46 and a 200-day moving average of $134.08. Sea Limited Sponsored ADR has a 52-week low of $55.00 and a 52-week high of $172.65.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, Benchmark boosted their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

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.