Eschler Asset Management LLP Sells 11,600 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Eschler Asset Management LLP has reduced its stake in Sea Limited Sponsored ADR by 72.5%, selling 11,600 shares and now owning only 4,400 shares, which represents 1.4% of its total holdings.
• Several large investors have changed their positions in SEA, with Alliancebernstein L.P. increasing its stake by over 203% and Banque Transatlantique SA growing its holdings by over 904% during the first quarter.
• SEA reported quarterly earnings of $0.65 per share, missing expectations, but achieved a revenue of $5.26 billion, reflecting a strong growth of 38.2% year-over-year.

Eschler Asset Management LLP decreased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 72.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,400 shares of the Internet company based in Singapore's stock after selling 11,600 shares during the period. SEA comprises approximately 1.4% of Eschler Asset Management LLP's investment portfolio, making the stock its 25th largest holding. Eschler Asset Management LLP's holdings in SEA were worth $574,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC lifted its position 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 worth $461,000 after buying an additional 279 shares during the last quarter. Brucke Financial Inc. purchased a new stake in SEA in the fourth quarter valued at approximately $211,000. Sowell Financial Services LLC purchased a new stake in SEA in the first quarter valued at approximately $216,000. Finally, Assenagon Asset Management S.A. lifted its stake in SEA by 10.9% in the first 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 buying an additional 476 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SE. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Barclays upped their price objective on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a report on Wednesday, September 3rd. Macquarie reaffirmed an "outperform" rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their target price for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $173.99.

SEA Stock Up 0.6%

Shares of SE stock traded up $1.22 during trading hours on Tuesday, reaching $191.79. The company had a trading volume of 1,723,679 shares, compared to its average volume of 4,568,779. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. Sea Limited Sponsored ADR has a twelve month low of $76.38 and a twelve month high of $195.00. The company has a market capitalization of $112.99 billion, a P/E ratio of 99.30 and a beta of 1.53. The stock's fifty day simple moving average is $165.54 and its 200 day simple moving average is $148.86.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter last year, the business earned $0.14 EPS. SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.