Sea Limited Sponsored ADR (NYSE:SE) Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 19.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,037 shares of the Internet company based in Singapore's stock after purchasing an additional 1,641 shares during the quarter. CENTRAL TRUST Co's holdings in SEA were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of SEA by 4.3% during the fourth quarter. Rhumbline Advisers now owns 115,722 shares of the Internet company based in Singapore's stock worth $12,278,000 after acquiring an additional 4,818 shares during the last quarter. Principal Securities Inc. boosted its stake in SEA by 177.3% in the 4th quarter. Principal Securities Inc. now owns 2,995 shares of the Internet company based in Singapore's stock worth $318,000 after purchasing an additional 1,915 shares in the last quarter. Sanctuary Advisors LLC grew its position in SEA by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 6,387 shares of the Internet company based in Singapore's stock worth $678,000 after purchasing an additional 173 shares during the last quarter. CIBC Asset Management Inc increased its stake in SEA by 12.7% during the 4th quarter. CIBC Asset Management Inc now owns 40,228 shares of the Internet company based in Singapore's stock valued at $4,268,000 after purchasing an additional 4,529 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of SEA by 41.4% in the fourth quarter. Truist Financial Corp now owns 53,737 shares of the Internet company based in Singapore's stock worth $5,701,000 after buying an additional 15,745 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

SE stock traded down $1.29 during midday trading on Friday, hitting $154.40. 834,169 shares of the stock traded hands, compared to its average volume of 4,430,296. The stock's fifty day simple moving average is $147.54 and its 200-day simple moving average is $129.79. The firm has a market cap of $90.96 billion, a P/E ratio of 108.57 and a beta of 1.64. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. 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 results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. SEA's revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. On average, analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Wedbush reissued an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $147.15.

SEA Company 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.