KBC Group NV Has $26.27 Million Stake in Sea Limited Sponsored ADR (NYSE:SE)

KBC Group NV lowered its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 57.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 201,280 shares of the Internet company based in Singapore's stock after selling 274,077 shares during the period. KBC Group NV's holdings in SEA were worth $26,265,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 204 shares during the period. Sava Infond d.o.o. bought a new position in SEA during the 1st quarter valued at $26,000. Inlight Wealth Management LLC acquired a new position in shares of SEA during the 1st quarter valued at $28,000. Fifth Third Bancorp raised its stake in shares of 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. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after buying an additional 112 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the subject of several research reports. Phillip Securities upgraded shares of SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. UBS Group increased their price target on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.

SEA Trading Down 0.0%

SE traded down $0.06 during mid-day trading on Friday, reaching $149.36. The stock had a trading volume of 2,289,212 shares, compared to its average volume of 4,350,320. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. Sea Limited Sponsored ADR has a 52 week low of $55.00 and a 52 week high of $172.65. The stock has a market capitalization of $87.99 billion, a P/E ratio of 105.18 and a beta of 1.60. The firm's fifty day simple moving average is $155.00 and its two-hundred day simple moving average is $132.72.

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 analysts' consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm earned ($0.04) earnings per share. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. On average, 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.