Envestnet Asset Management Inc. Sells 16,644 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Envestnet Asset Management Inc. cut its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,204,584 shares of the Internet company based in Singapore's stock after selling 16,644 shares during the quarter. Envestnet Asset Management Inc. owned 0.21% of SEA worth $157,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after buying an additional 5,153 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of 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 buying an additional 279 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of SEA by 7.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock valued at $30,892,000 after buying an additional 19,411 shares during the period. Brucke Financial Inc. bought a new position in shares of SEA during the 4th quarter valued at $211,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of SEA in the 1st quarter worth $216,000. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SE has been the subject of several analyst reports. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a research note on Monday, June 30th. Loop Capital restated a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Wedbush restated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $153.17.

SEA Price Performance

SE stock traded down $1.24 during trading on Friday, reaching $148.16. The company's stock had a trading volume of 2,875,024 shares, compared to its average volume of 4,349,204. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year 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 has a market capitalization of $87.28 billion, a P/E ratio of 104.34 and a beta of 1.60. The company's fifty day moving average is $156.46 and its 200-day moving average is $134.08.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS 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 company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company earned ($0.04) EPS. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

About SEA

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.