Sea Limited Sponsored ADR (NYSE:SE) is Kontiki Capital Management HK Ltd.'s Largest Position

Key Points

• Kontiki Capital Management HK Ltd. increased its stake in Sea Limited by 3.4% in Q1, owning a total of 3,388,516 shares worth approximately $442.17 million, making it the largest position for the firm.
• Sea Limited's latest earnings report showed earnings per share of $0.65, which was below the consensus estimate of $0.93, while revenues reached $4.84 billion, missing expectations of $4.90 billion.
• Analysts have varying ratings on Sea Limited stock, with the average target price set at $159.82, reflecting an overall sentiment of moderate buy among analysts.

Kontiki Capital Management HK Ltd. raised its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,388,516 shares of the Internet company based in Singapore's stock after buying an additional 111,400 shares during the period. SEA comprises about 31.8% of Kontiki Capital Management HK Ltd.'s portfolio, making the stock its largest holding. Kontiki Capital Management HK Ltd. owned 0.58% of SEA worth $442,167,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after buying an additional 27,448,779 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of SEA during the 1st quarter valued at $336,521,000. Capital Research Global Investors raised its position in SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in SEA by 713.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock valued at $103,157,000 after purchasing an additional 693,336 shares during the last quarter. Finally, Fred Alger Management LLC increased its holdings in SEA by 100.3% in the fourth quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock valued at $112,135,000 after buying an additional 529,237 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Benchmark upped their price target on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Barclays raised their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus target price of $159.82.

SEA Trading Down 0.7%

Shares of NYSE:SE traded down $1.11 during trading on Friday, reaching $147.75. 3,845,296 shares of the company were exchanged, compared to its average volume of 4,109,078. The firm has a market capitalization of $87.04 billion, a PE ratio of 104.05 and a beta of 1.58. The business's fifty day simple moving average is $156.64 and its 200-day simple moving average is $140.75. Sea Limited Sponsored ADR has a 12-month low of $62.40 and a 12-month high of $172.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The business's revenue for the quarter was up 29.6% on a year-over-year basis. On average, research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS 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.