Envestnet Portfolio Solutions Inc. Decreases Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 41.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,113 shares of the Internet company based in Singapore's stock after selling 17,156 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in SEA were worth $3,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp raised its stake in 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 acquiring an additional 195 shares during the period. Private Trust Co. NA lifted its position in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the last quarter. Kestra Investment Management LLC bought a new stake in SEA in the 4th quarter valued at about $34,000. Farther Finance Advisors LLC boosted its stake in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after purchasing an additional 112 shares during the period. Finally, Banque Transatlantique SA bought a new position in SEA in the 4th quarter worth about $39,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

NYSE SE opened at $153.49 on Monday. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65. The business's fifty day moving average is $148.25 and its two-hundred day moving average is $130.23. The stock has a market capitalization of $90.42 billion, a P/E ratio of 108.09 and a beta of 1.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51.

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 (EPS) 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 for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm earned ($0.04) earnings per share. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. On average, research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SE has been the subject of several analyst reports. Arete Research upgraded SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research note on Friday, March 7th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Sunday. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a report on Friday, May 9th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $147.15.

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.

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