Candriam S.C.A. Has $8.92 Million Stake in Sea Limited Sponsored ADR $SE

Key Points

• Candriam S.C.A. has reduced its stake in Sea Limited by 46.1%, now holding 68,347 shares worth approximately $8.92 million after selling 58,496 shares.
• Sea Limited reported an earnings per share (EPS) of $0.65 for the last quarter, which fell short of analysts' expectations of $1.03, despite achieving revenue of $5.26 billion, up 38.2% year-over-year.
• Institutional investors collectively own 59.53% of Sea Limited's stock, with several firms, including Banco Bilbao Vizcaya Argentaria and Korea Investment CORP, increasing their holdings significantly in the first quarter.

Candriam S.C.A. reduced its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 46.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,347 shares of the Internet company based in Singapore's stock after selling 58,496 shares during the quarter. Candriam S.C.A.'s holdings in SEA were worth $8,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SE. Smithfield Trust Co acquired a new stake in SEA in the 1st quarter valued at $25,000. Sava Infond d.o.o. bought a new position in shares of SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC lifted 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 purchasing an additional 100 shares during the last quarter. Inlight Wealth Management LLC bought a new position in SEA in the first quarter worth about $28,000. Finally, Fifth Third Bancorp lifted its holdings 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 worth $31,000 after acquiring an additional 195 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Up 3.2%

SEA stock traded up $5.82 during mid-day trading on Friday, hitting $185.42. 4,862,230 shares of the company's stock were exchanged, compared to its average volume of 4,744,780. 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 stock has a market cap of $109.23 billion, a P/E ratio of 96.07 and a beta of 1.58. Sea Limited Sponsored ADR has a 1-year low of $75.67 and a 1-year high of $185.68. The stock has a 50 day moving average of $159.15 and a two-hundred day moving average of $144.66.

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

Analyst Ratings Changes

SE has been the topic of a number of recent analyst reports. Bank of America cut 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. Wedbush boosted their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Loop Capital reissued a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $173.49.

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.