Intech Investment Management LLC Increases Stock Position in Sea Limited Sponsored ADR $SE

Key Points

• Intech Investment Management LLC increased its holdings in Sea Limited Sponsored ADR by 60.5%, owning 19,669 shares valued at $2.57 million at the end of Q1.
• Analyst ratings for Sea Limited have improved, with multiple reports increasing their price targets, including JPMorgan's raise from $208.00 to $230.00.
• Sea Limited reported $0.65 EPS for the latest quarter, missing estimates, while revenue increased 38.2% year-over-year to $5.26 billion.

Intech Investment Management LLC increased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 60.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,669 shares of the Internet company based in Singapore's stock after purchasing an additional 7,413 shares during the quarter. Intech Investment Management LLC's holdings in SEA were worth $2,567,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research analysts recently commented on SE shares. JPMorgan Chase & Co. boosted their price target on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, September 11th. Arete downgraded SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a report on Wednesday, September 3rd. Barclays upped their target price on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Arete Research downgraded shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Finally, Wedbush increased their price target on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Trading Up 1.3%

Shares of SE traded up $2.40 during midday trading on Friday, hitting $192.96. The stock had a trading volume of 3,150,184 shares, compared to its average volume of 3,554,794. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a 1 year low of $83.09 and a 1 year high of $199.30. The stock's 50 day moving average is $173.15 and its 200 day moving average is $152.60. The firm has a market cap of $113.67 billion, a PE ratio of 99.98 and a beta of 1.53.

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