11,580 Shares in Sea Limited Sponsored ADR $SE Bought by Infusive Asset Management Inc.

Key Points

• Infusive Asset Management Inc. acquired a new stake in Sea Limited Sponsored ADR, purchasing 11,580 shares valued at approximately $1.5 million during the first quarter.
• Sea Limited's stock has seen a 4.7% increase recently, with the current share price at $189.57, close to its fifty-two week high of $190.75.
• The company reported earnings of $0.65 EPS for the last quarter, missing forecasts, but achieved a revenue of $5.26 billion, surpassing analyst expectations.

Infusive Asset Management Inc. acquired a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,580 shares of the Internet company based in Singapore's stock, valued at approximately $1,511,000.

Several other hedge funds have also bought and sold shares of SE. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Jennison Associates LLC purchased a new stake in SEA in the 1st quarter worth approximately $336,521,000. Nuveen LLC purchased a new stake in SEA in the 1st quarter worth approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. boosted its position in SEA by 713.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after purchasing an additional 693,336 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in SEA by 171.3% in the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock worth $128,252,000 after purchasing an additional 620,587 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. Loop Capital restated a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Arete Research downgraded SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Arete downgraded SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Benchmark upped their target price on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA Stock Performance

NYSE SE traded up $1.91 on Friday, reaching $191.62. The stock had a trading volume of 4,429,415 shares, compared to its average volume of 4,736,529. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. Sea Limited Sponsored ADR has a 12-month low of $75.91 and a 12-month high of $192.28. The business's 50-day moving average price is $164.94 and its 200 day moving average price is $148.42. The stock has a market cap of $112.89 billion, a P/E ratio of 99.29 and a beta of 1.53.

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). The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The company's revenue for the quarter was up 38.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities analysts expect 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.