Kensico Capital Management Corp Raises Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Kensico Capital Management Corp increased its stake in Sea Limited by 34.3%, now holding 1,670,200 shares worth approximately $217.94 million, which represents 4.9% of its investment portfolio.
• Sea Limited reported a quarterly revenue of $5.26 billion, an increase of 38.2% year-over-year, despite missing earnings per share estimates.
• Several research analysts have issued varying ratings on Sea Limited, with J.P. Morgan raising its rating to "overweight" and setting a price target of $190.00.

Kensico Capital Management Corp raised its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 34.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,670,200 shares of the Internet company based in Singapore's stock after purchasing an additional 426,700 shares during the quarter. SEA accounts for 4.9% of Kensico Capital Management Corp's investment portfolio, making the stock its 7th largest position. Kensico Capital Management Corp owned approximately 0.28% of SEA worth $217,944,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after acquiring an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after acquiring an additional 279 shares during the period. Brucke Financial Inc. purchased a new stake in SEA during the fourth quarter valued at approximately $211,000. Sowell Financial Services LLC purchased a new stake in shares of SEA in the first quarter worth approximately $216,000. Finally, Assenagon Asset Management S.A. boosted its position in SEA by 10.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after acquiring an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SE. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research note on Wednesday, September 3rd. Loop Capital reissued a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Barclays raised their price objective on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.99.

SEA Stock Up 1.1%

Shares of SEA stock traded up $2.07 on Tuesday, hitting $192.64. The company had a trading volume of 3,207,131 shares, compared to its average volume of 4,577,627. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The stock has a 50-day moving average of $165.54 and a 200-day moving average of $148.86. Sea Limited Sponsored ADR has a twelve month low of $76.38 and a twelve month high of $195.00. The firm has a market capitalization of $113.49 billion, a P/E ratio of 99.81 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results 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 business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter last year, the company posted $0.14 earnings per share. The company's revenue was up 38.2% on a year-over-year basis. Research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current 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.