Sea Limited Sponsored ADR $SE Shares Sold by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC has decreased its investment in Sea Limited Sponsored ADR by 64.4%, selling 9,613 shares and retaining 5,308 shares valued at approximately $693,000.
• Several other institutional investors, including MAI Capital Management and Pacer Advisors Inc., have increased their positions in Sea Limited, indicating a shifting landscape among hedge fund investments.
• Analysts have mixed ratings on Sea Limited, with a recent downgrade from a "buy" to a "hold" by Wall Street Zen, while JPMorgan Chase & Co. raised its price target to $230.00.

Belpointe Asset Management LLC lowered its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 64.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,308 shares of the Internet company based in Singapore's stock after selling 9,613 shares during the quarter. Belpointe Asset Management LLC's holdings in SEA were worth $693,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SE. Smithfield Trust Co purchased a new stake in SEA in the first quarter valued at approximately $25,000. Sava Infond d.o.o. purchased a new stake in SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC boosted its position in SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 100 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in SEA in the first quarter valued at approximately $28,000. Finally, Fifth Third Bancorp boosted its position in SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Up 1.8%

Shares of NYSE:SE traded up $3.32 during midday trading on Thursday, reaching $190.21. 2,836,404 shares of the company's stock were exchanged, compared to its average volume of 4,523,647. The firm's 50 day simple moving average is $171.43 and its two-hundred day simple moving average is $151.72. 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 stock has a market cap of $112.06 billion, a price-to-earnings ratio of 98.59 and a beta of 1.53. Sea Limited Sponsored ADR has a fifty-two week low of $83.09 and a fifty-two week high of $199.30.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business 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%.The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays upped their target price on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Wedbush upped their price objective on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Macquarie restated an "outperform" rating and issued a $219.90 price objective (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $176.85.

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.