Cetera Investment Advisers Has $7.46 Million Stock Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Cetera Investment Advisers increased its stake in Sea Limited by 23.1%, acquiring an additional 10,721 shares, bringing its total to 57,163 shares valued at approximately $7.46 million.
• JPMorgan Chase & Co. upgraded Sea Limited’s rating from "neutral" to "overweight", raising the price target from $135 to $190 per share, while other analysts have varied their ratings from hold to strong buy.
• Sea Limited reported $4.84 billion in revenue for the last quarter, missing estimates, but showed a year-over-year revenue increase of 29.6%.

Cetera Investment Advisers grew its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,163 shares of the Internet company based in Singapore's stock after purchasing an additional 10,721 shares during the period. Cetera Investment Advisers' holdings in SEA were worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SE. State of Wyoming boosted its holdings in shares of SEA by 3.1% in the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after acquiring an additional 90 shares in the last quarter. Blue Trust Inc. raised its position in SEA by 4.8% in the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after purchasing an additional 93 shares during the last quarter. SOA Wealth Advisors LLC. boosted its stake in SEA by 13.3% in the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings 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. Finally, Covenant Partners LLC grew its holdings in shares of SEA by 2.4% during the fourth quarter. Covenant Partners LLC now owns 4,248 shares of the Internet company based in Singapore's stock worth $451,000 after purchasing an additional 101 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SE has been the subject of a number of research analyst reports. Barclays lifted their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Benchmark upped their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised 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. Finally, Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $159.82.

SEA Trading Down 1.6%

Shares of NYSE:SE traded down $2.44 during midday trading on Friday, hitting $154.21. The company had a trading volume of 2,767,347 shares, compared to its average volume of 3,874,490. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The firm has a fifty day simple moving average of $157.91 and a 200 day simple moving average of $139.34. The stock has a market cap of $90.85 billion, a price-to-earnings ratio of 108.60 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. On average, analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS 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.