Edgestream Partners L.P. acquired a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,255 shares of the Internet company based in Singapore's stock, valued at approximately $425,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of SEA during the fourth quarter worth approximately $1,493,682,000. Capital Research Global Investors grew its position in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after acquiring an additional 1,325,183 shares during the last quarter. FIL Ltd grew its position in shares of SEA by 46.9% during the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after acquiring an additional 840,550 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of SEA by 713.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after acquiring an additional 693,336 shares during the last quarter. Finally, Fred Alger Management LLC grew its position in shares of SEA by 100.3% during the fourth quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock worth $112,135,000 after acquiring an additional 529,237 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.
SEA Trading Up 0.8%
Shares of SE stock opened at $168.48 on Friday. The firm has a 50-day moving average price of $158.33 and a 200 day moving average price of $136.09. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The company has a market capitalization of $99.25 billion, a price-to-earnings ratio of 118.65 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 (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the firm posted ($0.04) EPS. The company's revenue for the quarter was up 29.6% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Benchmark lifted their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Barclays lifted their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $153.17.
Get Our Latest Stock Report on SEA
SEA Company Profile
(
Free Report)
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.
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