Cynosure Group LLC Invests $339,000 in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Cynosure Group LLC has invested approximately $339,000 in Sea Limited Sponsored ADR by purchasing 2,600 shares during the 1st quarter.
• Sea Limited reported a Q1 earnings per share (EPS) of $0.65, missing analysts' expectations of $0.93, and a revenue of $4.84 billion, slightly below the expected $4.90 billion.
• Multiple hedge funds and institutional investors hold a total of 59.53% of Sea Limited's stock, highlighting significant interest from large financial entities.

Cynosure Group 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,600 shares of the Internet company based in Singapore's stock, valued at approximately $339,000.

Several other hedge funds have also made changes to their positions in SE. Bank of Montreal Can raised its holdings in SEA by 2.8% in the fourth quarter. Bank of Montreal Can now owns 148,201 shares of the Internet company based in Singapore's stock valued at $15,724,000 after acquiring an additional 4,090 shares in the last quarter. Bank of Nova Scotia raised its holdings in SEA by 37.8% in the fourth quarter. Bank of Nova Scotia now owns 3,350 shares of the Internet company based in Singapore's stock valued at $355,000 after acquiring an additional 919 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in SEA in the fourth quarter valued at approximately $19,247,000. Bessemer Group Inc. raised its holdings in SEA by 4.5% in the fourth quarter. Bessemer Group Inc. now owns 39,369 shares of the Internet company based in Singapore's stock valued at $4,177,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Qtron Investments LLC acquired a new stake in SEA in the fourth quarter valued at approximately $299,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of SE opened at $147.75 on Monday. 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 firm has a market cap of $87.04 billion, a PE ratio of 104.05 and a beta of 1.58. The company's 50 day simple moving average is $156.64 and its 200-day simple moving average is $140.92. Sea Limited Sponsored ADR has a 12-month low of $62.40 and a 12-month high of $172.65.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the business posted ($0.04) earnings per share. The business's revenue was up 29.6% on a year-over-year basis. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the topic of several recent analyst reports. Barclays increased their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Benchmark increased their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $159.82.

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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