Equitable Trust Co. Sells 11,581 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Equitable Trust Co. reduced its holdings in Sea Limited by 6.8%, owning approximately $20.6 million worth of shares after selling 11,581 shares in the first quarter.
• Recent analyst reports indicate a generally positive outlook on SEA, with target prices ranging from $160.00 to $200.00 and a consensus rating of "Moderate Buy."
• Sea Limited reported a 29.6% year-over-year increase in revenue, but its EPS of $0.65 missed analyst estimates by $0.28.

Equitable Trust Co. cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,896 shares of the Internet company based in Singapore's stock after selling 11,581 shares during the quarter. SEA accounts for about 1.1% of Equitable Trust Co.'s portfolio, making the stock its 19th largest position. Equitable Trust Co.'s holdings in SEA were worth $20,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of SEA by 42.0% in 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 purchasing an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of SEA by 8.6% in 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 during the last quarter. Brucke Financial Inc. bought a new stake in shares of SEA in the 4th quarter valued at $211,000. Sowell Financial Services LLC bought a new stake in shares of SEA in the 1st quarter valued at $216,000. Finally, Assenagon Asset Management S.A. boosted its stake 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 during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Down 0.3%

SE traded down $0.56 during trading on Tuesday, hitting $160.18. 1,154,028 shares of the company's stock were exchanged, compared to its average volume of 4,577,052. 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 business's 50 day moving average is $158.31 and its two-hundred day moving average is $138.40. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The stock has a market cap of $94.36 billion, a P/E ratio of 112.84 and a beta of 1.60.

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 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. The business's quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SE. Barclays upped their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. 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. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Loop Capital reiterated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus target price of $159.82.

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.