Harvest Fund Management Co. Ltd Purchases 5,385 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Harvest Fund Management Co. Ltd grew its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 68.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,242 shares of the Internet company based in Singapore's stock after buying an additional 5,385 shares during the period. Harvest Fund Management Co. Ltd's holdings in SEA were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sava Infond d.o.o. acquired a new stake in SEA during the first quarter worth approximately $26,000. Tradewinds Capital Management LLC grew its stake in 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 period. Inlight Wealth Management LLC acquired a new stake in SEA during the first quarter worth approximately $28,000. Fifth Third Bancorp grew its stake in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in SEA during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SE shares. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays raised their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, Benchmark raised their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

SEA Stock Down 1.6%

Shares of SE stock traded down $2.44 during trading hours on Friday, reaching $154.21. The company had a trading volume of 2,765,978 shares, compared to its average volume of 4,553,563. The business has a fifty day simple moving average of $158.12 and a 200-day simple moving average of $139.04. The company has a market cap of $90.85 billion, a price-to-earnings ratio of 108.60 and a beta of 1.60. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share. On average, research analysts expect 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.