Denali Advisors LLC Takes Position in Sea Limited Sponsored ADR (NYSE:SE)

Denali Advisors LLC bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,855 shares of the Internet company based in Singapore's stock, valued at approximately $503,000.

A number of other large investors also recently modified their holdings of SE. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of SEA by 46.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore's stock worth $1,980,000 after purchasing an additional 5,918 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of SEA by 9.5% during the 4th quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore's stock valued at $808,000 after buying an additional 662 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of SEA by 114.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,682 shares of the Internet company based in Singapore's stock valued at $1,838,000 after purchasing an additional 9,973 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in SEA in the 4th quarter worth approximately $94,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 0.1%

SEA stock traded up $0.15 during mid-day trading on Tuesday, hitting $155.44. 2,942,018 shares of the company's stock were exchanged, compared to its average volume of 4,401,126. The firm has a market capitalization of $91.57 billion, a P/E ratio of 109.38 and a beta of 1.60. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company's 50 day simple moving average is $158.33 and its 200-day simple moving average is $136.31.

SEA (NYSE:SE - Get Free Report) last posted 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). 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 the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The company's revenue for the quarter was up 29.6% on a year-over-year basis. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of analyst reports. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Benchmark lifted their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

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.