HighTower Advisors LLC Acquires 4,676 Shares of Sea Limited Sponsored ADR $SE

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HighTower Advisors LLC raised its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,664 shares of the Internet company based in Singapore's stock after acquiring an additional 4,676 shares during the period. HighTower Advisors LLC's holdings in SEA were worth $7,003,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AGF Management Ltd. boosted its stake in shares of SEA by 171.3% during the first quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock valued at $128,252,000 after purchasing an additional 620,587 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of SEA by 7.5% during the first quarter. Public Sector Pension Investment Board now owns 182,907 shares of the Internet company based in Singapore's stock valued at $23,868,000 after purchasing an additional 12,800 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of SEA by 17.0% during the first quarter. Independent Advisor Alliance now owns 12,926 shares of the Internet company based in Singapore's stock valued at $1,687,000 after purchasing an additional 1,879 shares in the last quarter. Nuveen LLC acquired a new stake in shares of SEA during the first quarter valued at about $162,796,000. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of SEA by 2.1% during the first quarter. Coronation Fund Managers Ltd. now owns 1,073,399 shares of the Internet company based in Singapore's stock valued at $140,068,000 after purchasing an additional 22,464 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Down 0.1%

SEA stock opened at $177.11 on Tuesday. 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 Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $181.76. The firm's fifty day moving average is $157.10 and its 200 day moving average is $143.04. The company has a market capitalization of $104.34 billion, a PE ratio of 91.77 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last released its earnings results 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). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. The firm's revenue was up 38.2% on a year-over-year basis. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SE shares. Barclays reissued an "overweight" rating and set a $214.00 price target (up from $200.00) on shares of SEA in a research note on Thursday. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Macquarie reaffirmed an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Benchmark lifted their price objective on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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