KLP Kapitalforvaltning AS Purchases 2,200 Shares of Sea Limited Sponsored ADR (NYSE:SE)

KLP Kapitalforvaltning AS lifted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,000 shares of the Internet company based in Singapore's stock after acquiring an additional 2,200 shares during the period. KLP Kapitalforvaltning AS's holdings in SEA were worth $16,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pier 88 Investment Partners LLC acquired a new stake in SEA in the first quarter worth $1,284,000. Bank Julius Baer & Co. Ltd Zurich increased its position in SEA by 26.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,826 shares of the Internet company based in Singapore's stock worth $2,196,000 after buying an additional 3,487 shares during the period. Y Intercept Hong Kong Ltd increased its position in SEA by 242.7% in the first quarter. Y Intercept Hong Kong Ltd now owns 14,399 shares of the Internet company based in Singapore's stock worth $1,879,000 after buying an additional 10,197 shares during the period. Allianz Asset Management GmbH increased its position in SEA by 62.6% in the first quarter. Allianz Asset Management GmbH now owns 363,598 shares of the Internet company based in Singapore's stock worth $47,446,000 after buying an additional 139,967 shares during the period. Finally, OneAscent Financial Services LLC increased its position in SEA by 6.5% in the first quarter. OneAscent Financial Services LLC now owns 3,016 shares of the Internet company based in Singapore's stock worth $399,000 after buying an additional 183 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SE has been the subject of several recent analyst reports. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Benchmark raised their target price on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $159.82.

SEA Price Performance

SEA stock traded down $0.13 during mid-day trading on Friday, hitting $157.74. 4,271,174 shares of the company were exchanged, compared to its average volume of 4,616,631. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $92.92 billion, a PE ratio of 111.08 and a beta of 1.60. The business has a fifty day moving average of $158.42 and a 200 day moving average of $137.28. 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 posted 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). The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share 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.