ICONIQ Capital LLC Purchases New Holdings in Sea Limited Sponsored ADR $SE

Key Points

• ICONIQ Capital LLC has acquired a new stake in Sea Limited Sponsored ADR ($SE) worth approximately $330,000, buying 2,528 shares in the first quarter.
• Several institutional investors have also increased their positions in Sea Limited, with a significant stake increase of 464.3% reported by Fifth Third Bancorp.
• Equities research analysts have upgraded their ratings and price targets for Sea Limited, with Barclays raising the target price to $214.00, while the average consensus target price is $173.49.

ICONIQ Capital LLC purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,528 shares of the Internet company based in Singapore's stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Smithfield Trust Co bought a new position in shares of SEA in the first quarter valued at $25,000. Sava Infond d.o.o. acquired a new stake in SEA in the first quarter valued at $26,000. Tradewinds Capital Management LLC lifted its stake in SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of SEA in the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp increased its stake 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 purchasing an additional 195 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Loop Capital reaffirmed a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Benchmark upped their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Barclays raised their price objective on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Macquarie restated an "outperform" rating and issued a $219.90 price target (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $173.49.

SEA Trading Up 1.0%

Shares of NYSE:SE opened at $187.36 on Tuesday. Sea Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $190.75. The business has a 50 day moving average of $159.73 and a 200-day moving average of $145.11. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The stock has a market cap of $110.38 billion, a PE ratio of 97.08 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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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