Carmignac Gestion Sells 9,508 Shares of Sea Limited Sponsored ADR $SE

Key Points

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Carmignac Gestion cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 272,645 shares of the Internet company based in Singapore's stock after selling 9,508 shares during the period. Carmignac Gestion's holdings in SEA were worth $35,578,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd increased its position in SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after buying an additional 27,448,779 shares in the last quarter. Jennison Associates LLC bought a new stake in SEA during the 1st quarter valued at $336,521,000. Nuveen LLC purchased a new position in shares of SEA in the 1st quarter valued at $162,796,000. Mirae Asset Global Investments Co. Ltd. grew its stake in SEA by 713.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after buying an additional 693,336 shares during the last quarter. Finally, AGF Management Ltd. grew its stake in SEA by 171.3% during the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock valued at $128,252,000 after purchasing an additional 620,587 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush raised their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Macquarie reissued an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Finally, Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a report on Saturday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $173.49.

SEA Stock Down 0.1%

SEA stock opened at $177.11 on Tuesday. The firm has a market capitalization of $104.34 billion, a PE ratio of 91.77 and a beta of 1.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The company's 50-day moving average is $157.10 and its 200-day moving average is $143.04. Sea Limited Sponsored ADR has a fifty-two week low of $75.67 and a fifty-two week high of $181.76.

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 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the previous year, the company earned $0.14 EPS. SEA's revenue for the quarter was up 38.2% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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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