J. Safra Sarasin Holding AG Acquires 1,603 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Sea Limited by 32.9%, acquiring 1,603 additional shares, bringing its total holdings to 6,477 shares valued at approximately $845,000.
• Sea Limited reported $0.65 earnings per share for the most recent quarter, missing expectations, with revenue of $4.84 billion but up 29.6% year-over-year.
• Several financial institutions have adjusted their positions in Sea Limited, with PNC Financial Services and Alberta Investment Management increasing their stakes significantly during the first quarter.

J. Safra Sarasin Holding AG increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 32.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,477 shares of the Internet company based in Singapore's stock after acquiring an additional 1,603 shares during the period. J. Safra Sarasin Holding AG's holdings in SEA were worth $845,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SE. Sava Infond d.o.o. purchased a new position in SEA during the first quarter worth about $26,000. Tradewinds Capital Management LLC boosted 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 worth $26,000 after buying an additional 100 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of SEA in the first quarter valued at approximately $28,000. Fifth Third Bancorp increased its position in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after acquiring an additional 195 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of SEA during the first quarter valued at approximately $34,000. Institutional investors own 59.53% of the company's stock.

SEA Stock Down 2.2%

SE traded down $3.28 during midday trading on Wednesday, reaching $148.16. The company's stock had a trading volume of 6,090,712 shares, compared to its average volume of 4,091,587. Sea Limited Sponsored ADR has a 1 year low of $60.70 and a 1 year high of $172.65. The stock's 50-day moving average is $157.46 and its 200-day moving average is $140.10. The firm has a market capitalization of $87.28 billion, a price-to-earnings ratio of 104.34 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. As a group, research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SE. Benchmark increased their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Finally, Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $159.82.

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.