Korea Investment CORP Boosts Stock Position in Sea Limited Sponsored ADR $SE

Key Points

• Korea Investment CORP has increased its stake in Sea Limited Sponsored ADR (NYSE:SE) by 3.5%, acquiring 8,159 shares and bringing its total holdings to 243,970 shares worth approximately $31.8 million.
• Sea Limited reported a quarterly revenue of $5.26 billion, exceeding analysts' expectations of $5 billion, despite earnings per share falling short of estimates at $0.65.
• Analyst ratings for Sea Limited are largely positive, with a consensus rating of "Moderate Buy" and a target price of $173.49, while Barclays recently raised its price objective to $214.00.

Korea Investment CORP lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 243,970 shares of the Internet company based in Singapore's stock after purchasing an additional 8,159 shares during the quarter. Korea Investment CORP's holdings in SEA were worth $31,836,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of 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 worth $2,272,000 after purchasing an additional 5,153 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of 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 worth $461,000 after purchasing an additional 279 shares during the period. Brucke Financial Inc. acquired a new stake in shares of SEA in the 4th quarter worth about $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. raised its position in SEA by 10.9% in 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 buying an additional 476 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SE shares. Benchmark lifted their price target on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research report on Friday, May 9th. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Loop Capital restated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $173.49.

SEA Stock Up 3.2%

SEA stock traded up $5.82 on Friday, hitting $185.42. 4,862,230 shares of the stock traded hands, compared to its average volume of 4,715,185. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The firm has a market cap of $109.23 billion, a P/E ratio of 96.07 and a beta of 1.58. The business's fifty day simple moving average is $159.15 and its 200 day simple moving average is $144.36. Sea Limited Sponsored ADR has a 1 year low of $75.67 and a 1 year high of $185.68.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. During the same period last year, the firm posted $0.14 earnings per share. The firm's quarterly revenue was up 38.2% on a year-over-year basis. As a group, sell-side analysts forecast 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.