Fjarde AP Fonden Fourth Swedish National Pension Fund Has $9.46 Million Position in Sea Limited Sponsored ADR $SE

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Sea Limited by 7.6%, holding 72,508 shares valued at approximately $9.46 million at the end of the first quarter.
• Several institutional investors have recently bought and sold shares of Sea Limited, with 59.53% of the company's stock now owned by these investors.
• Brokerages have positive outlooks for SEA, with multiple firms raising their price targets, the highest being $219.90 by Macquarie, reflecting a consensus rating of "Moderate Buy."

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,508 shares of the Internet company based in Singapore's stock after selling 6,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in SEA were worth $9,462,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smithfield Trust Co purchased a new position in shares of SEA during the first quarter worth about $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC grew its holdings in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of SEA during the first quarter worth about $28,000. Finally, Fifth Third Bancorp boosted its stake in shares of SEA by 464.3% during the 1st 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 in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 1.9%

Shares of SE traded up $3.28 on Friday, reaching $177.29. 4,344,972 shares of the company's stock were exchanged, compared to its average volume of 4,970,348. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $104.44 billion, a P/E ratio of 91.86 and a beta of 1.58. The business has a 50 day moving average price of $156.85 and a two-hundred day moving average price of $142.65. Sea Limited Sponsored ADR has a 12 month low of $75.67 and a 12 month high of $181.76.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

SE has been the subject of a number of research reports. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. Finally, Macquarie increased their price objective on shares of SEA from $178.20 to $219.90 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.49.

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.