Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. reduced its holdings in Sea Limited Sponsored ADR by 3.5%, selling 1,428,707 shares, but remains its 5th largest position with a stake of 39,525,842 shares.
• Sea Limited reported $0.65 earnings per share for the last quarter, falling short of the consensus estimate of $0.93, while showing a year-over-year revenue increase of 29.6% to $4.84 billion.
• Analysts are generally optimistic, with 8 maintaining a "buy" rating and a consensus price target of $159.82, despite Bank of America's downgrade from "buy" to "neutral".

Baillie Gifford & Co. trimmed its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,525,842 shares of the Internet company based in Singapore's stock after selling 1,428,707 shares during the quarter. SEA accounts for approximately 4.5% of Baillie Gifford & Co.'s portfolio, making the stock its 5th largest holding. Baillie Gifford & Co. owned about 6.71% of SEA worth $5,157,727,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SE. Commonwealth Equity Services LLC lifted its position in SEA by 46.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore's stock worth $1,980,000 after acquiring an additional 5,918 shares in the last quarter. Corient Private Wealth LLC lifted its position in SEA by 9.5% during the 4th quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore's stock worth $808,000 after acquiring an additional 662 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in SEA by 114.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,682 shares of the Internet company based in Singapore's stock worth $1,838,000 after acquiring an additional 9,973 shares in the last quarter. American Century Companies Inc. lifted its position in SEA by 461.4% during the 4th quarter. American Century Companies Inc. now owns 151,531 shares of the Internet company based in Singapore's stock worth $16,077,000 after acquiring an additional 124,540 shares in the last quarter. Finally, LPL Financial LLC lifted its position in SEA by 11.2% during the 4th quarter. LPL Financial LLC now owns 208,637 shares of the Internet company based in Singapore's stock worth $22,136,000 after acquiring an additional 21,047 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE SE traded down $0.13 during mid-day trading on Friday, hitting $157.74. The company had a trading volume of 4,271,174 shares, compared to its average volume of 4,177,266. The firm's 50 day simple moving average is $158.34 and its two-hundred day simple moving average is $137.63. 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 stock has a market cap of $92.92 billion, a price-to-earnings ratio of 111.08 and a beta of 1.60. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65.

SEA (NYSE:SE - Get Free Report) last announced 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). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted ($0.04) EPS. The company's revenue was up 29.6% compared to the same quarter last year. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of several recent research reports. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays raised their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Loop Capital restated a "buy" rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus price target of $159.82.

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.