Integrated Wealth Concepts LLC Sells 1,374 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Integrated Wealth Concepts LLC sold 1,374 shares of Sea Limited, reducing its holdings by 22.4% to a total of 4,753 shares, valued at approximately $620,000.
• Several institutional investors have significantly increased their stakes in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd growing its position by 2,082.7% to hold 28.77 million shares worth nearly $3.75 billion.
• Despite reporting a quarterly EPS of $0.65, Sea Limited missed analysts' expectations, while its revenue surged 38.2% year-over-year to reach $5.26 billion.

Integrated Wealth Concepts LLC trimmed its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 22.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,753 shares of the Internet company based in Singapore's stock after selling 1,374 shares during the quarter. Integrated Wealth Concepts LLC's holdings in SEA were worth $620,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of SEA by 2,082.7% during the first 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 acquiring an additional 27,448,779 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its holdings in SEA by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock worth $442,167,000 after purchasing an additional 111,400 shares in the last quarter. Northern Trust Corp increased its holdings in SEA by 9.3% during the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock worth $420,140,000 after purchasing an additional 273,366 shares in the last quarter. Jennison Associates LLC bought a new position in SEA during the 1st quarter worth about $336,521,000. Finally, CoreView Capital Management Ltd increased its holdings in SEA by 9.8% during the 4th quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock worth $232,529,000 after purchasing an additional 195,225 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

NYSE:SE opened at $196.26 on Friday. Sea Limited Sponsored ADR has a 1-year low of $78.51 and a 1-year high of $199.30. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The firm has a fifty day simple moving average of $169.15 and a 200 day simple moving average of $150.45. The stock has a market capitalization of $115.62 billion, a PE ratio of 101.69 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 analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period last year, the business earned $0.14 EPS. The business's revenue was up 38.2% on a year-over-year basis. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a report on Saturday. Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Benchmark raised their price target on shares of 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 assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and an average price target of $176.85.

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.

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