Driehaus Capital Management LLC Purchases 615,182 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Driehaus Capital Management LLC significantly increased its stake in Sea Limited by 2,751%, acquiring an additional 615,182 shares, bringing its total holding to 637,544 shares worth approximately $83.2 million.
• Sea Limited reported $5.26 billion in revenue for the quarter, exceeding consensus estimates, but missed earnings per share (EPS) expectations by $0.38, with a reported EPS of $0.65.
• Several analysts have reiterated their "outperform" ratings on Sea Limited, with price targets ranging from $170 to $219.90 following favorable revenue growth and strategic business performance.

Driehaus Capital Management LLC lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2,751.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 637,544 shares of the Internet company based in Singapore's stock after purchasing an additional 615,182 shares during the period. SEA comprises 0.8% of Driehaus Capital Management LLC's holdings, making the stock its 24th biggest holding. Driehaus Capital Management LLC owned about 0.11% of SEA worth $83,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SE. Smithfield Trust Co acquired a new position in SEA in the first quarter worth approximately $25,000. Sava Infond d.o.o. bought a new stake in shares of SEA during the 1st quarter worth $26,000. Tradewinds Capital Management LLC grew its holdings in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of SEA in the 1st quarter worth $28,000. Finally, Fifth Third Bancorp raised its position in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Up 0.5%

Shares of NYSE SE traded up $0.96 during mid-day trading on Wednesday, reaching $179.74. The company had a trading volume of 1,417,165 shares, compared to its average volume of 4,590,228. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $105.89 billion, a price-to-earnings ratio of 93.05 and a beta of 1.53. The stock has a fifty day moving average of $163.17 and a two-hundred day moving average of $147.26. Sea Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $190.75.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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 net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the prior year, the company posted $0.14 EPS. 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 year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SE. Wedbush lifted their price target on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Loop Capital reissued a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Benchmark boosted their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.99.

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.