Eschler Asset Management LLP Decreases Holdings in 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 trimmed 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 13F filing with the 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 makes up 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after buying an additional 27,448,779 shares in the last quarter. Jennison Associates LLC bought a new position in shares of SEA during the 1st quarter worth approximately $336,521,000. Nuveen LLC bought a new position in shares of SEA during the 1st quarter worth approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SEA by 713.3% during the 1st 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 buying an additional 693,336 shares in the last quarter. Finally, AGF Management Ltd. boosted its holdings in shares of SEA by 171.3% during the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock worth $128,252,000 after buying an additional 620,587 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SE. Arete Research cut SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Macquarie reiterated an "outperform" rating and issued a $219.90 target price (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Wedbush increased their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $173.99.

SEA Stock Up 1.0%

NYSE SE traded up $1.91 on Friday, reaching $191.62. The company had a trading volume of 4,429,415 shares, compared to its average volume of 4,707,325. The stock has a market capitalization of $112.89 billion, a P/E ratio of 99.29 and a beta of 1.53. The company's fifty day moving average is $164.94 and its 200 day moving average is $148.32. Sea Limited Sponsored ADR has a 52-week low of $75.91 and a 52-week high of $192.28. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

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

SEA Company 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.