Callan Capital LLC Purchases Shares of 1,810 Sea Limited Sponsored ADR (NYSE:SE)

Callan Capital LLC purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,810 shares of the Internet company based in Singapore's stock, valued at approximately $236,000.

Several other large investors have also recently added to or reduced their stakes in SE. Jones Financial Companies Lllp raised its holdings in SEA by 31.1% in the 4th quarter. Jones Financial Companies Lllp now owns 5,083 shares of the Internet company based in Singapore's stock valued at $539,000 after acquiring an additional 1,207 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SEA by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after acquiring an additional 19,411 shares in the last quarter. Assetmark Inc. raised its holdings in SEA by 109.0% in the 4th quarter. Assetmark Inc. now owns 2,982 shares of the Internet company based in Singapore's stock valued at $316,000 after acquiring an additional 1,555 shares in the last quarter. Atria Investments Inc raised its holdings in SEA by 21.5% in the 4th quarter. Atria Investments Inc now owns 17,767 shares of the Internet company based in Singapore's stock valued at $1,885,000 after acquiring an additional 3,146 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in SEA in the 4th quarter valued at approximately $19,247,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SE shares. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a report on Friday, May 9th. Benchmark increased their target price on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a report on Monday, June 30th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Finally, Wedbush reissued an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $153.17.

SEA Trading Down 1.4%

SE stock opened at $149.03 on Wednesday. The business has a fifty day moving average price of $155.71 and a 200 day moving average price of $133.41. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The stock has a market capitalization of $87.80 billion, a price-to-earnings ratio of 104.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

About SEA

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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