Coronation Fund Managers Ltd. Has $140.07 Million Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Coronation Fund Managers Ltd. increased its stake in Sea Limited by 2.1% to a total of 1,073,399 shares, valued at approximately $140.07 million, making it the firm's 5th biggest holding.
• Several analysts have upgraded Sea Limited stock, with target prices ranging from $170.00 to $200.00, while the consensus rating is a "Moderate Buy" with an average price target of $159.82.
• Sea Limited reported earnings of $0.65 per share in its latest quarter, missing estimates, but demonstrated significant revenue growth of 29.6% year-over-year.

Coronation Fund Managers Ltd. grew its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,073,399 shares of the Internet company based in Singapore's stock after acquiring an additional 22,464 shares during the quarter. SEA comprises about 7.5% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 5th biggest holding. Coronation Fund Managers Ltd. owned approximately 0.18% of SEA worth $140,068,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in SEA by 2.9% in the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after purchasing an additional 87 shares during the last quarter. State of Wyoming raised its position in SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. raised its position in SEA by 4.8% in the first 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. raised its position 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 valued at $111,000 after purchasing an additional 100 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its position in SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on SE shares. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Barclays increased their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.82.

SEA Trading Down 0.7%

NYSE SE opened at $147.75 on Friday. Sea Limited Sponsored ADR has a 1-year low of $62.40 and a 1-year high of $172.65. 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 stock has a 50-day moving average of $156.64 and a 200-day moving average of $140.75. The firm has a market cap of $87.04 billion, a PE ratio of 104.05 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last released 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 the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The company's revenue was up 29.6% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. As a group, sell-side analysts forecast 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.

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