GM Advisory Group LLC Sells 2,300 Shares of Sea Limited Sponsored ADR $SE

Key Points

• GM Advisory Group LLC has reduced its holdings in Sea Limited Sponsored ADR by 50%, selling 2,300 shares, which were valued at approximately $300,000.
• Sea Limited reported earnings of $0.65 per share for the recent quarter, falling short of analyst estimates of $1.03, despite achieving a revenue increase of 38.2% year-over-year.
• Major analysts have varied opinions on the stock, with Bank of America downgrading it to "neutral" while other firms increased their price targets, with a consensus target of $173.49.

GM Advisory Group LLC decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,300 shares of the Internet company based in Singapore's stock after selling 2,300 shares during the period. GM Advisory Group LLC's holdings in SEA were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Smithfield Trust Co acquired a new position in shares of SEA in the first quarter valued at $25,000. Sava Infond d.o.o. bought a new stake in SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC raised its stake in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of SEA during the 1st quarter worth about $28,000. Finally, Fifth Third Bancorp lifted its holdings 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 during the period. Institutional investors own 59.53% of the company's stock.

SEA Stock Down 0.3%

Shares of SE opened at $178.7530 on Thursday. The company has a market capitalization of $105.31 billion, a P/E ratio of 92.62 and a beta of 1.58. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $181.76. The business's 50 day simple moving average is $158.02 and its 200-day simple moving average is $143.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SE shares. Bank of America cut 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. JPMorgan Chase & Co. raised 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. Barclays boosted their price target on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wedbush increased their price objective on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Finally, Macquarie reissued an "outperform" rating and set a $219.90 price objective (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of "Moderate Buy" and a consensus target price of $173.49.

About SEA

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.

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