Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates reduced its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,688 shares of the Internet company based in Singapore's stock after selling 2,708 shares during the quarter. Dorsey Wright & Associates' holdings in SEA were worth $2,961,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SE. Cambridge Investment Research Advisors Inc. increased its position in shares of SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after acquiring an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in SEA by 8.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after purchasing an additional 279 shares in the last quarter. Brucke Financial Inc. purchased a new stake in SEA during the 4th quarter worth approximately $211,000. Sowell Financial Services LLC acquired a new position in shares of SEA in the 1st quarter valued at approximately $216,000. Finally, Assenagon Asset Management S.A. raised its position in shares of SEA by 10.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after purchasing an additional 476 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

SE stock traded down $0.85 during trading on Thursday, hitting $157.72. The company had a trading volume of 2,147,568 shares, compared to its average volume of 4,256,884. The business has a 50 day moving average of $158.56 and a 200 day moving average of $136.93. The firm has a market capitalization of $92.92 billion, a price-to-earnings ratio of 111.07 and a beta of 1.60. 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 Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted ($0.04) earnings per share. The company's revenue was up 29.6% on a year-over-year basis. As a group, research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the subject of a number of research analyst reports. Benchmark lifted their price target 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. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays raised their target price on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently 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.