Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has decreased its stake in Sea Limited by 23.6% during the first quarter, now owning 1,626,442 shares worth approximately $212 million.
• Sea Limited missed earnings estimates in its latest quarterly report, posting earnings per share of $0.65 against a consensus estimate of $0.93, despite a revenue increase of 29.6% year-over-year.
• Several institutional investors, including Pacer Advisors and Tradewinds Capital Management, have recently increased their holdings in Sea Limited, reflecting ongoing interest in the company's stock.

Deutsche Bank AG decreased its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 23.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,626,442 shares of the Internet company based in Singapore's stock after selling 503,675 shares during the quarter. Deutsche Bank AG owned about 0.28% of SEA worth $212,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SE. Alliancebernstein L.P. boosted its position in shares of SEA by 5.2% during the fourth quarter. Alliancebernstein L.P. now owns 94,826 shares of the Internet company based in Singapore's stock valued at $10,061,000 after buying an additional 4,713 shares during the period. Bank of Montreal Can boosted its position in shares of SEA by 2.8% during 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 buying an additional 4,090 shares during the period. Bank of Nova Scotia raised its stake in shares of SEA by 37.8% during 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. bought a new stake in shares of SEA during the fourth quarter valued at approximately $19,247,000. Finally, Bessemer Group Inc. raised its position in SEA by 4.5% during the 4th quarter. Bessemer Group Inc. now owns 39,369 shares of the Internet company based in Singapore's stock valued at $4,177,000 after purchasing an additional 1,691 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Up 18.7%

SE stock traded up $27.33 on Tuesday, hitting $173.56. 19,395,919 shares of the company's stock were exchanged, compared to its average volume of 4,658,244. Sea Limited Sponsored ADR has a 12-month low of $70.00 and a 12-month high of $178.00. The firm has a 50 day moving average price of $156.26 and a two-hundred day moving average price of $141.12. 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 stock has a market cap of $102.25 billion, a P/E ratio of 122.23 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the subject of a number of research analyst reports. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Loop Capital reaffirmed 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. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.