Dakota Wealth Management lifted its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 44.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,290 shares of the Internet company based in Singapore's stock after acquiring an additional 7,174 shares during the quarter. Dakota Wealth Management's holdings in SEA were worth $3,039,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after buying an additional 27,448,779 shares during the last quarter. Norges Bank bought a new stake in shares of SEA during the 4th quarter valued at $1,493,682,000. Capital Research Global Investors increased its stake in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares in the last quarter. FIL Ltd increased its position in SEA by 46.9% in the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after buying an additional 840,550 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of SEA by 713.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock valued at $103,157,000 after acquiring an additional 693,336 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.
SEA Trading Up 1.9%
SE stock opened at $151.00 on Tuesday. The firm has a fifty day moving average price of $156.46 and a 200 day moving average price of $134.40. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The firm has a market cap of $88.96 billion, a PE ratio of 106.34 and a beta of 1.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51.
SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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). SEA had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the business earned ($0.04) EPS. SEA's revenue for the quarter was up 29.6% compared to the same quarter last year. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on SE shares. Benchmark increased their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Barclays raised 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. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $153.17.
Get Our Latest Research Report on SE
SEA Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).
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