IFM Investors Pty Ltd Purchases 6,906 Shares of Sea Limited Sponsored ADR (NYSE:SE)

IFM Investors Pty Ltd increased its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,778 shares of the Internet company based in Singapore's stock after buying an additional 6,906 shares during the period. IFM Investors Pty Ltd's holdings in SEA were worth $9,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. lifted its position in SEA by 72.4% during the 1st quarter. GF Fund Management CO. LTD. now owns 83,574 shares of the Internet company based in Singapore's stock valued at $10,906,000 after purchasing an additional 35,089 shares during the period. OneDigital Investment Advisors LLC lifted its position in SEA by 16.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 15,939 shares of the Internet company based in Singapore's stock valued at $2,080,000 after purchasing an additional 2,293 shares during the period. Calamos Wealth Management LLC lifted its position in SEA by 194.1% during the 1st quarter. Calamos Wealth Management LLC now owns 20,449 shares of the Internet company based in Singapore's stock valued at $2,668,000 after purchasing an additional 13,496 shares during the period. Principal Financial Group Inc. lifted its position in SEA by 39.7% during the 1st quarter. Principal Financial Group Inc. now owns 162,286 shares of the Internet company based in Singapore's stock valued at $21,177,000 after purchasing an additional 46,085 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in SEA by 92.1% during the 1st quarter. First Horizon Advisors Inc. now owns 2,004 shares of the Internet company based in Singapore's stock valued at $262,000 after purchasing an additional 961 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SE. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Loop Capital restated a "buy" rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Finally, Arete Research upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.

SEA Stock Performance

SE stock traded down $2.95 during midday trading on Tuesday, reaching $148.16. 2,068,287 shares of the company were exchanged, compared to its average volume of 4,331,625. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The business has a 50-day moving average price of $155.41 and a two-hundred day moving average price of $133.30. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The firm has a market capitalization of $87.28 billion, a price-to-earnings ratio of 104.34 and a beta of 1.60.

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

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.