Independent Advisor Alliance Grows Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Independent Advisor Alliance increased its holdings in Sea Limited by 17.0%, acquiring 1,879 additional shares, bringing its total to 12,926 shares valued at approximately $1.69 million.
• Sea Limited reported a quarterly earnings miss with an EPS of $0.65, falling short of the $1.03 consensus estimate, despite achieving a revenue of $5.26 billion, a 38.2% year-over-year increase.
• Analyst ratings for Sea Limited are mixed, with a consensus rating of "Moderate Buy" and a noteworthy range of price targets, including Bank of America's $160.00 and Barclays’ $200.00.

Independent Advisor Alliance boosted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,926 shares of the Internet company based in Singapore's stock after purchasing an additional 1,879 shares during the quarter. Independent Advisor Alliance's holdings in SEA were worth $1,687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smithfield Trust Co purchased a new stake in SEA in the 1st quarter valued at $25,000. Sava Infond d.o.o. acquired a new position in SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC increased its stake in SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new position in SEA in the 1st quarter valued at $28,000. Finally, Fifth Third Bancorp increased its stake in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Bank of America cut shares of 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. 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. Barclays boosted their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $164.83.

SEA Stock Performance

NYSE:SE opened at $173.56 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a fifty-two week low of $70.00 and a fifty-two week high of $178.00. The stock has a market cap of $102.25 billion, a PE ratio of 122.23 and a beta of 1.58. The firm's fifty day simple moving average is $156.41 and its 200-day simple moving average is $141.34.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. SEA's revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. Analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal 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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