Sea Limited Sponsored ADR $SE Shares Bought by Intech Investment Management LLC

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 lifted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 60.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 period. Intech Investment Management LLC's holdings in SEA were worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Quantinno Capital Management LP lifted its holdings in shares of SEA by 20.9% during the 4th quarter. Quantinno Capital Management LP now owns 15,060 shares of the Internet company based in Singapore's stock valued at $1,598,000 after purchasing an additional 2,602 shares during the last quarter. State of Wyoming increased its stake in shares of SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of SEA during the fourth quarter worth approximately $17,924,000. Voloridge Investment Management LLC grew its holdings in shares of SEA by 33.4% during the fourth quarter. Voloridge Investment Management LLC now owns 550,847 shares of the Internet company based in Singapore's stock worth $58,445,000 after buying an additional 137,947 shares in the last quarter. Finally, CoreView Capital Management Ltd grew its position in shares of SEA by 9.8% in the fourth quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock valued at $232,529,000 after purchasing an additional 195,225 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SE shares. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark raised their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a report on Wednesday, September 3rd. Finally, Wedbush lifted their price objective on SEA from $170.00 to $200.00 and gave the company an "outperform" 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $176.85.

SEA Stock Performance

SE traded down $1.82 during trading on Wednesday, hitting $187.25. The stock had a trading volume of 3,518,660 shares, compared to its average volume of 3,470,974. 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 firm has a market capitalization of $110.31 billion, a P/E ratio of 97.02 and a beta of 1.53. The company's 50-day moving average price is $171.43 and its 200 day moving average price is $151.72. Sea Limited Sponsored ADR has a twelve month low of $80.39 and a twelve month high of $199.30.

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