1,583 Shares in Sea Limited Sponsored ADR $SE Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• British Columbia Investment Management Corp acquired a new stake in Sea Limited, purchasing 1,583 shares valued at approximately $207,000 during the 1st quarter of the year.
• Major shifts in institutional investment occurred, with numerous firms increasing their stakes in Sea Limited, resulting in 59.53% of the stock being owned by hedge funds and other institutional investors.
• Sea Limited's recent earnings report showed a loss in EPS of $0.65, missing the consensus estimate of $1.03, despite a healthy revenue increase of 38.2% year-over-year, totaling $5.26 billion.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,583 shares of the Internet company based in Singapore's stock, valued at approximately $207,000.

Several other hedge funds have also modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Kontiki Capital Management HK Ltd. increased its position in shares of SEA by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after purchasing an additional 111,400 shares during the last quarter. Northern Trust Corp increased its position in shares of SEA by 9.3% during the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock valued at $420,140,000 after purchasing an additional 273,366 shares during the last quarter. Jennison Associates LLC bought a new position in shares of SEA during the 1st quarter valued at approximately $336,521,000. Finally, CoreView Capital Management Ltd increased its position in shares of SEA by 9.8% during the 4th quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock valued at $232,529,000 after purchasing an additional 195,225 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Down 0.3%

Shares of NYSE SE traded down $0.60 during mid-day trading on Friday, reaching $185.64. 5,353,980 shares of the company were exchanged, compared to its average volume of 4,859,033. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The stock has a market cap of $109.36 billion, a price-to-earnings ratio of 96.19 and a beta of 1.58. Sea Limited Sponsored ADR has a 1 year low of $75.67 and a 1 year high of $190.75. The firm has a 50-day moving average of $162.13 and a 200 day moving average of $146.48.

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 for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. 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. Benchmark upped their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.