Kayne Anderson Rudnick Investment Management LLC Buys 4,298 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Sea Limited by 23,877.8% during the 1st quarter, holding a total of 4,316 shares worth $563,000.
• Sea Limited reported a quarterly earnings miss with an EPS of $0.65, falling short of the $1.03 expected, but achieved revenues of $5.26 billion, exceeding analyst forecasts.
• Several analysts have upgraded their ratings and price targets for Sea Limited, with benchmarks setting new targets up to $219.90, indicating strong market confidence in the company's performance.

Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 23,877.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,316 shares of the Internet company based in Singapore's stock after buying an additional 4,298 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in SEA were worth $563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Smithfield Trust Co bought a new stake in SEA during the 1st quarter valued at about $25,000. Sava Infond d.o.o. bought a new stake in shares of SEA in the 1st quarter worth $26,000. Tradewinds Capital Management LLC increased its holdings 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 purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of SEA in the 1st quarter worth $28,000. Finally, Fifth Third Bancorp increased its holdings in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Macquarie reiterated an "outperform" rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Wedbush boosted their price target on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $173.49.

SEA Price Performance

Shares of SE traded down $0.60 during mid-day trading on Friday, reaching $185.64. The stock had a trading volume of 5,353,980 shares, compared to its average volume of 4,859,033. The firm has a market cap of $109.36 billion, a price-to-earnings ratio of 96.19 and a beta of 1.58. 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 business has a fifty day moving average of $162.13 and a 200 day moving average of $146.48. Sea Limited Sponsored ADR has a 12 month low of $75.67 and a 12 month high of $190.75.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The business's revenue was up 38.2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. Equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current 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.