Fred Alger Management LLC Acquires 1,528,301 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Fred Alger Management LLC has increased its stake in Sea Limited Sponsored ADR (NYSE:SE) by 144.6% during the first quarter, now owning 2,585,179 shares worth approximately $337 million.
• Analysts have mixed ratings for Sea Limited, with target prices ranging from $177.00 to $219.90, indicating a consensus average target price of $173.99.
• Sea Limited reported a $0.65 EPS for the latest quarter, missing analysts' expectations while achieving a quarterly revenue increase of 38.2% year-over-year.

Fred Alger Management LLC lifted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 144.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,585,179 shares of the Internet company based in Singapore's stock after acquiring an additional 1,528,301 shares during the quarter. SEA makes up approximately 1.9% of Fred Alger Management LLC's portfolio, making the stock its 11th biggest position. Fred Alger Management LLC owned 0.44% of SEA worth $337,340,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SE. MAI Capital Management grew its holdings in SEA by 7.3% during the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after acquiring an additional 82 shares during the period. Pacer Advisors Inc. grew its holdings in SEA by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after acquiring an additional 87 shares during the period. State of Wyoming grew its holdings in SEA by 3.1% during the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after acquiring an additional 90 shares during the period. Blue Trust Inc. grew its holdings in SEA by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after acquiring an additional 93 shares during the period. Finally, SOA Wealth Advisors LLC. grew its holdings in SEA by 13.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after acquiring an additional 100 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

SEA stock traded up $0.80 during mid-day trading on Wednesday, reaching $193.47. The company's stock had a trading volume of 2,483,453 shares, compared to its average volume of 3,734,781. The firm's fifty day moving average price is $167.27 and its two-hundred day moving average price is $149.47. The company has a market capitalization of $113.98 billion, a P/E ratio of 100.24 and a beta of 1.53. Sea Limited Sponsored ADR has a 12-month low of $76.38 and a 12-month high of $195.00. 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 (NYSE:SE - Get Free Report) last posted 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 company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The business's revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SE. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Barclays increased their price objective on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average target price of $173.99.

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.