China Universal Asset Management Co. Ltd. Purchases 6,400 Shares of Sea Limited Sponsored ADR (NYSE:SE)

China Universal Asset Management Co. Ltd. grew its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,400 shares of the Internet company based in Singapore's stock after acquiring an additional 6,400 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in SEA were worth $4,489,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SE. Sava Infond d.o.o. bought a new position in SEA in the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC raised its position in SEA by 100.0% in the 1st 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. Inlight Wealth Management LLC bought a new position in SEA in the 1st quarter worth approximately $28,000. Fifth Third Bancorp raised its position in shares of SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after acquiring an additional 195 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Trading Down 1.4%

Shares of SE stock traded down $2.08 on Tuesday, hitting $149.03. The stock had a trading volume of 3,727,412 shares, compared to its average volume of 4,342,907. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The firm has a market cap of $87.80 billion, a P/E ratio of 104.95 and a beta of 1.60. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $155.71 and a two-hundred day moving average price of $133.41.

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

Wall Street Analyst Weigh In

Several brokerages have commented on SE. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Barclays upped their target price on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

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.