Caxton Associates LLP Makes New Investment in Sea Limited Sponsored ADR $SE

Key Points

• Caxton Associates LLP acquired a new stake in Sea Limited Sponsored ADR, purchasing 49,498 shares valued at approximately $6.46 million.
• Several analysts have updated their price targets for SEA, with Wedbush raising it from $170.00 to $200.00 and Macquarie setting a target of $219.90.
• Sea Limited reported $0.65 earnings per share (EPS) for the last quarter, which fell short of analysts' expectations of $1.03, despite a revenue increase of 38.2% year over year.

Caxton Associates LLP acquired a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 49,498 shares of the Internet company based in Singapore's stock, valued at approximately $6,459,000.

A number of other hedge funds have also bought and sold shares of SE. Smithfield Trust Co bought a new position in SEA during the first quarter valued at $25,000. Sava Infond d.o.o. bought a new position in SEA during the 1st quarter worth about $26,000. Tradewinds Capital Management LLC grew its holdings in SEA by 100.0% during the 1st 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 position in SEA during the 1st quarter worth about $28,000. Finally, Fifth Third Bancorp grew its holdings in SEA by 464.3% during the 1st 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. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of SEA stock traded up $0.80 during midday trading on Wednesday, hitting $193.47. The company had a trading volume of 2,483,453 shares, compared to its average volume of 3,734,781. The stock has a market cap of $113.98 billion, a price-to-earnings ratio of 100.24 and a beta of 1.53. 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 company has a fifty day simple moving average of $167.27 and a 200 day simple moving average of $149.47. Sea Limited Sponsored ADR has a 12-month low of $76.38 and a 12-month high of $195.00.

SEA (NYSE:SE - Get Free Report) last announced 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 analysts' expectations of $5 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and raised their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Barclays raised their price target on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $173.99.

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.