C WorldWide Group Holding A S cut its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,506 shares of the Internet company based in Singapore's stock after selling 2,343 shares during the period. SEA makes up approximately 0.5% of C WorldWide Group Holding A S's portfolio, making the stock its 23rd biggest position. C WorldWide Group Holding A S owned approximately 0.05% of SEA worth $40,909,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Sava Infond d.o.o. bought a new stake in shares of SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC increased its position in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of SEA during the first quarter worth about $28,000. Fifth Third Bancorp increased its position in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after acquiring an additional 195 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of SEA during the first quarter worth about $34,000. Institutional investors and hedge funds own 59.53% of the company's stock.
SEA Price Performance
Shares of NYSE:SE traded up $2.35 during trading on Friday, reaching $169.43. The company had a trading volume of 1,020,784 shares, compared to its average volume of 4,597,204. The company has a fifty day moving average of $157.75 and a two-hundred day moving average of $135.46. The stock has a market capitalization of $99.81 billion, a P/E ratio of 119.32 and a beta of 1.60. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.
SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a report on Friday, May 9th. Benchmark boosted their price target on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Loop Capital restated a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $153.17.
Check Out Our Latest Stock Report on SE
SEA Profile
(
Free Report)
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.
Further Reading
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