Baird Financial Group Inc. Cuts Position in Sea Limited Sponsored ADR $SE

Key Points

• Baird Financial Group Inc. has reduced its stake in Sea Limited Sponsored ADR by 1.5%, now owning approximately $63.41 million worth of shares.
• A variety of hedge funds have increased their positions in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd. raising its holdings by an impressive 2,082.7%.
• Recent analyst ratings for Sea Limited show a mostly positive sentiment, with multiple firms raising target prices and recommending a "buy" rating.

Baird Financial Group Inc. lessened its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,913 shares of the Internet company based in Singapore's stock after selling 7,321 shares during the quarter. Baird Financial Group Inc. owned 0.08% of SEA worth $63,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. grew its stake in shares of SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming lifted its holdings in SEA by 3.1% during the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after buying an additional 90 shares during the last quarter. Blue Trust Inc. lifted its holdings in SEA by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after buying an additional 93 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of SEA by 13.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after acquiring an additional 100 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its holdings in shares of SEA by 100.0% in 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 during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SE. Arete Research cut SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a report on Wednesday. Barclays upped their target price on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Loop Capital reiterated a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA Stock Performance

Shares of SE stock traded up $8.91 during midday trading on Thursday, hitting $189.89. The company had a trading volume of 3,132,231 shares, compared to its average volume of 4,588,654. Sea Limited Sponsored ADR has a 52-week low of $75.91 and a 52-week high of $190.75. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The company's 50 day simple moving average is $163.68 and its 200 day simple moving average is $147.49. The stock has a market cap of $111.86 billion, a price-to-earnings ratio of 98.34 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share 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 revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. Research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share 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.