Sea Limited Sponsored ADR $SE is Kensico Capital Management Corp's 7th Largest Position

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 position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 34.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,670,200 shares of the Internet company based in Singapore's stock after buying an additional 426,700 shares during the quarter. SEA comprises 4.9% of Kensico Capital Management Corp's portfolio, making the stock its 7th largest position. Kensico Capital Management Corp owned approximately 0.28% of SEA worth $217,944,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SE. Cambridge Investment Research Advisors Inc. increased its stake in SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after purchasing an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after purchasing an additional 279 shares during the last quarter. Brucke Financial Inc. bought a new stake in SEA during the fourth quarter valued at $211,000. Sowell Financial Services LLC bought a new stake in SEA during the first quarter valued at $216,000. Finally, Assenagon Asset Management S.A. increased its position in SEA by 10.9% in the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after buying an additional 476 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wedbush increased their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Barclays increased their target price on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. 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. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $219.90 target price (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $173.99.

SEA Price Performance

Shares of SE stock traded down $0.49 during midday trading on Wednesday, reaching $192.18. 917,394 shares of the company were exchanged, compared to its average volume of 4,555,896. Sea Limited Sponsored ADR has a 12 month low of $76.38 and a 12 month high of $195.00. The company has a market cap of $113.21 billion, a P/E ratio of 99.57 and a beta of 1.53. The company's 50 day moving average price is $166.39 and its two-hundred day moving average price is $149.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share 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 firm had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same period in the prior year, the business earned $0.14 EPS. The company's quarterly revenue was up 38.2% compared to the same quarter last year. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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.