BI Asset Management Fondsmaeglerselskab A S Sells 50,996 Shares of Sea Limited Sponsored ADR $SE

Key Points

• BI Asset Management Fondsmaeglerselskab A S has significantly reduced its stake in Sea Limited by selling 50,996 shares, bringing its total ownership to 11,239 shares valued at approximately $1.47 million.
• Sea Limited's earnings for the last quarter showed a profit of $0.65 per share, which was below analysts' expectations but revenues were up 38.2% year-over-year, totaling $5.26 billion.
• Brokerages have varying ratings and price targets for Sea Limited, with price objectives ranging from $160 to $219.90, reflecting confidence in the company's growth potential.

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 81.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,239 shares of the Internet company based in Singapore's stock after selling 50,996 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in SEA were worth $1,467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of SEA by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming raised its holdings in shares of SEA by 3.1% in the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after purchasing an additional 90 shares in the last quarter. Blue Trust Inc. grew its position in shares of SEA by 4.8% in 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. grew its position in shares of SEA by 13.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after buying an additional 100 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its position 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 worth $26,000 after buying an additional 100 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Up 0.5%

NYSE:SE opened at $179.5620 on Friday. The company has a market cap of $105.78 billion, a PE ratio of 93.04 and a beta of 1.58. Sea Limited Sponsored ADR has a twelve month low of $75.67 and a twelve month high of $181.76. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $158.53 and its two-hundred day moving average is $143.93.

SEA (NYSE:SE - Get Free Report) last released 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 company had revenue of $5.26 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. Analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SE. Wedbush lifted their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Benchmark lifted their price objective on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Macquarie reaffirmed 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and an average price target of $173.49.

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.

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