iA Global Asset Management Inc. Raises Stake in Sea Limited Sponsored ADR (NYSE:SE)

iA Global Asset Management Inc. raised its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,207 shares of the Internet company based in Singapore's stock after acquiring an additional 1,738 shares during the quarter. iA Global Asset Management Inc.'s holdings in SEA were worth $9,292,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after buying an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of SEA by 8.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after buying an additional 279 shares during the last quarter. Brucke Financial Inc. purchased a new stake in shares of SEA during the 4th quarter worth approximately $211,000. Sowell Financial Services LLC purchased a new stake in shares of SEA during the 1st quarter worth approximately $216,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of SEA by 10.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after buying an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Loop Capital restated a "buy" rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Finally, Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $159.82.

SEA Stock Performance

Shares of SE opened at $150.80 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The stock has a market capitalization of $88.84 billion, a P/E ratio of 106.20 and a beta of 1.58. The company's fifty day moving average is $157.46 and its two-hundred day moving average is $140.10. Sea Limited Sponsored ADR has a 1 year low of $58.33 and a 1 year high of $172.65.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's quarterly revenue was up 29.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current 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.

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