Banco Bilbao Vizcaya Argentaria S.A. Grows Stake in Sea Limited Sponsored ADR $SE

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Sea Limited by 41.1%, owning 55,258 shares valued at approximately $7.09 million.
• Sea Limited reported $0.65 earnings per share for the quarter, which was below the consensus estimate of $1.03, but its revenue of $5.26 billion surpassed expectations.
• Analysts are optimistic about Sea Limited's stock, with a consensus rating of "Moderate Buy" and an average target price of $173.49.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 41.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,258 shares of the Internet company based in Singapore's stock after purchasing an additional 16,095 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in SEA were worth $7,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SE. Smithfield Trust Co purchased a new stake in shares of SEA during the first quarter worth about $25,000. Sava Infond d.o.o. purchased a new stake in shares of SEA during the first 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 stake 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. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

NYSE:SE opened at $178.7530 on Thursday. 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 firm has a market capitalization of $105.31 billion, a price-to-earnings ratio of 92.62 and a beta of 1.58. The company's 50-day moving average is $158.02 and its two-hundred day moving average is $143.53. Sea Limited Sponsored ADR has a 1-year low of $75.67 and a 1-year high of $181.76.

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 for the quarter, missing the consensus estimate of $1.03 by ($0.38). The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

SE has been the subject of several research reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wedbush upped their price objective on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Bank of America cut shares of 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. Finally, Barclays upped their price objective on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $173.49.

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.

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