Invesco Ltd. Decreases Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Invesco Ltd. has reduced its stake in Sea Limited by 14.4%, selling 351,534 shares, and now owns approximately 2,088,635 shares valued at $272,546,000.
• Several hedge funds have adjusted their positions in Sea Limited, with Connor Clark & Lunn Investment Management increasing its stake by 17.1% and Townsquare Capital raising its stake by 67.3%.
• SEA reported $0.65 earnings per share for the last quarter, missing the consensus estimate, but experienced a 38.2% increase in revenue year-over-year, totaling $5.26 billion.

Invesco Ltd. decreased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,088,635 shares of the Internet company based in Singapore's stock after selling 351,534 shares during the period. Invesco Ltd. owned 0.35% of SEA worth $272,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd raised 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 purchasing an additional 27,448,779 shares during the period. Jennison Associates LLC acquired a new position in shares of SEA during the first quarter worth approximately $336,521,000. Capital Research Global Investors raised its position in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SEA by 713.3% in the first 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 during the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of SEA by 100.3% in the fourth quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock worth $112,135,000 after purchasing an additional 529,237 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Benchmark raised their target price on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays reissued an "overweight" rating and issued a $214.00 target price (up from $200.00) on shares of SEA in a research report on Thursday. Finally, Wedbush raised their price target on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $173.49.

SEA Stock Performance

Shares of NYSE:SE traded down $0.40 during midday trading on Thursday, hitting $174.26. The company had a trading volume of 3,555,716 shares, compared to its average volume of 5,047,728. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.49. The company has a market cap of $102.66 billion, a price-to-earnings ratio of 90.29 and a beta of 1.58. Sea Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $181.76. The company has a fifty day moving average of $156.61 and a two-hundred day moving average of $141.99.

SEA (NYSE:SE - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $5 billion. During the same period last year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 38.2% on a year-over-year basis. On average, equities research analysts expect 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.