Jennison Associates LLC Makes New Investment in Sea Limited Sponsored ADR (NYSE:SE)

Jennison Associates LLC acquired a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,578,905 shares of the Internet company based in Singapore's stock, valued at approximately $336,521,000. Jennison Associates LLC owned approximately 0.44% of SEA as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after buying an additional 27,448,779 shares during the period. Norges Bank acquired a new position in shares of SEA in the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors boosted its stake in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. FIL Ltd boosted its stake in shares of SEA by 46.9% in the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock valued at $279,158,000 after purchasing an additional 840,550 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of SEA by 713.3% during 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 buying an additional 693,336 shares during the period. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on SE shares. Arete Research raised shares of SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Loop Capital reissued a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $153.17.

SEA Stock Up 0.8%

Shares of NYSE SE traded up $1.40 during mid-day trading on Friday, reaching $168.48. 4,355,109 shares of the company's stock traded hands, compared to its average volume of 4,387,747. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The business has a 50-day simple moving average of $158.33 and a 200 day simple moving average of $135.89. The stock has a market cap of $99.25 billion, a P/E ratio of 118.65 and a beta of 1.60. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company 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 firm's quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. On average, analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA Company 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.