Infusive Asset Management Inc. Makes New $1.51 Million Investment in Sea Limited Sponsored ADR $SE

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

A number of other hedge funds have also recently bought and sold shares of the stock. Smithfield Trust Co acquired a new position in shares of SEA in the 1st quarter valued at $25,000. Sava Infond d.o.o. acquired a new position in shares of SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC raised its stake in shares of 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 in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of SEA in the 1st quarter valued at $28,000. Finally, Fifth Third Bancorp raised its stake in shares of 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 in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

SE traded up $0.04 during midday trading on Wednesday, hitting $192.71. The company had a trading volume of 1,326,946 shares, compared to its average volume of 4,558,320. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $113.53 billion, a PE ratio of 99.62 and a beta of 1.53. Sea Limited Sponsored ADR has a twelve month low of $76.38 and a twelve month high of $195.00. The firm's 50-day simple moving average is $166.39 and its 200-day simple moving average is $149.16.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate 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 was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. Equities research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of 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 note on Thursday, May 29th. Barclays increased their price objective on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Benchmark increased their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $173.99.

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.