Caxton Associates LLP Takes Position 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 purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,498 shares of the Internet company based in Singapore's stock, valued at approximately $6,459,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 2,082.7% during 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 acquiring an additional 27,448,779 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of SEA during the first quarter worth approximately $336,521,000. Fred Alger Management LLC grew its position in shares of SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after acquiring an additional 1,528,301 shares during the last quarter. Scge Management L.P. grew its position in shares of SEA by 137.6% during the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock worth $281,858,000 after acquiring an additional 1,251,000 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of SEA during the first quarter worth approximately $162,796,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SE shares. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a research report on Wednesday, September 3rd. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday. Macquarie reiterated an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Finally, Loop Capital reiterated a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Price Performance

Shares of NYSE:SE traded down $0.24 during midday trading on Friday, hitting $196.26. 3,048,989 shares of the stock were exchanged, compared to its average volume of 3,519,849. The company has a 50 day moving average price of $169.15 and a 200-day moving average price of $150.45. Sea Limited Sponsored ADR has a twelve month low of $78.51 and a twelve month high of $199.30. The stock has a market cap of $115.62 billion, a P/E ratio of 101.69 and a beta of 1.53. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share 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 firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period in the previous year, the firm posted $0.14 EPS. The company's revenue for the quarter was up 38.2% compared to the same quarter last year. On average, research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current 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.