Davis Selected Advisers Has $67.15 Million Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Davis Selected Advisers sold 123,386 shares of Sea Limited, reducing its holdings by 19.3% in the first quarter, leaving them with 514,628 shares valued at approximately $67 million.
• Analysts have mixed views on Sea Limited; JPMorgan Chase upgraded its rating to "overweight" with a price target of $190, while Bank of America downgraded it to "neutral" with a target of $160.
• In its most recent quarterly earnings, Sea Limited reported $4.84 billion in revenue but missed earnings estimates, indicating a year-over-year growth of 29.6% despite a net margin of just 4.87%.

Davis Selected Advisers lowered its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 19.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,628 shares of the Internet company based in Singapore's stock after selling 123,386 shares during the period. Davis Selected Advisers owned approximately 0.09% of SEA worth $67,154,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Kontiki Capital Management HK Ltd. lifted its holdings in shares of SEA by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after purchasing an additional 111,400 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of SEA by 8.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 292,847 shares of the Internet company based in Singapore's stock valued at $38,214,000 after purchasing an additional 22,878 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of SEA by 58.7% during the first quarter. Maryland State Retirement & Pension System now owns 34,618 shares of the Internet company based in Singapore's stock worth $4,517,000 after acquiring an additional 12,801 shares in the last quarter. Blue Barn Wealth LLC purchased a new stake in shares of SEA during the first quarter worth $240,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SEA by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 306,907 shares of the Internet company based in Singapore's stock worth $40,048,000 after acquiring an additional 15,749 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

SE stock traded down $1.11 during trading on Friday, reaching $147.75. 3,845,296 shares of the stock were exchanged, compared to its average volume of 4,109,078. Sea Limited Sponsored ADR has a twelve month low of $62.40 and a twelve month high of $172.65. The company has a market capitalization of $87.04 billion, a P/E ratio of 104.05 and a beta of 1.58. The stock has a 50 day simple moving average of $156.64 and a 200-day simple moving average of $140.75. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on SE shares. Benchmark increased their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Loop Capital reissued a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $159.82.

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.