Creekmur Asset Management LLC Buys New Shares in Sea Limited Sponsored ADR (NYSE:SE)

Creekmur Asset Management LLC purchased a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,139 shares of the Internet company based in Singapore's stock, valued at approximately $801,000.

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in SEA by 42.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after acquiring an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of SEA by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after acquiring an additional 279 shares during the last quarter. Brucke Financial Inc. purchased a new position in SEA in the fourth quarter worth about $211,000. Sowell Financial Services LLC bought a new stake in SEA during the first quarter worth approximately $216,000. Finally, Assenagon Asset Management S.A. raised its position in SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after purchasing an additional 476 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Stock Up 0.8%

NYSE:SE traded up $1.40 during trading hours on Friday, reaching $168.48. The company's stock had a trading volume of 4,355,109 shares, compared to its average volume of 4,387,747. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The company has a market capitalization of $99.25 billion, a P/E ratio of 118.65 and a beta of 1.60. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The stock has a 50 day moving average price of $158.33 and a two-hundred day moving average price of $135.89.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion for 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%. The business's quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. Equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Loop Capital reiterated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.