Sea Limited Sponsored ADR $SE Shares Purchased by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA significantly increased its holdings in Sea Limited Sponsored ADR by 904.1%, owning 3,715 shares valued at $448,000 by the end of the 1st quarter.
• Wall Street analysts have updated their ratings for SEA, with most projecting a moderate buy and setting a consensus target price of $173.99.
• Despite reporting a $0.65 EPS for the last quarter, SEA's revenue rose by 38.2% year-over-year, reaching $5.26 billion, surpassing analysts' expectations.

Banque Transatlantique SA lifted its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 904.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,715 shares of the Internet company based in Singapore's stock after buying an additional 3,345 shares during the period. Banque Transatlantique SA's holdings in SEA were worth $448,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SE. Dimensional Fund Advisors LP grew its position in shares of SEA by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore's stock valued at $5,566,000 after buying an additional 415 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of SEA by 9.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 26,090 shares of the Internet company based in Singapore's stock valued at $2,768,000 after buying an additional 2,295 shares during the last quarter. Algert Global LLC acquired a new stake in SEA during the 4th quarter worth $827,000. Ameriprise Financial Inc. boosted its stake in SEA by 18.7% during the 4th quarter. Ameriprise Financial Inc. now owns 198,310 shares of the Internet company based in Singapore's stock worth $21,041,000 after purchasing an additional 31,224 shares during the period. Finally, Circle Wealth Management LLC boosted its stake in SEA by 36.2% during the 4th quarter. Circle Wealth Management LLC now owns 9,014 shares of the Internet company based in Singapore's stock worth $956,000 after purchasing an additional 2,398 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE:SE traded up $1.91 during midday trading on Friday, hitting $191.62. The stock had a trading volume of 4,429,415 shares, compared to its average volume of 4,707,325. The company has a market capitalization of $112.89 billion, a PE ratio of 99.29 and a beta of 1.53. The stock has a 50 day moving average price of $164.94 and a two-hundred day moving average price of $148.32. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 1 year low of $75.91 and a 1 year high of $192.28.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SE shares. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Benchmark increased their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Finally, Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.99.

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.