Lingohr Asset Management GmbH Sells 41,494 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Lingohr Asset Management GmbH has reduced its holdings in Sea Limited Sponsored ADR by 91.3%, selling 41,494 shares during the second quarter, leaving it with 3,976 shares valued at $636,000.
• Other investors, such as Cambridge Investment Research Advisors and Sequoia Financial Advisors, have increased their positions in Sea Limited, indicating ongoing institutional interest in the stock, which is currently owned 59.53% by institutional investors.
• Sea Limited reported $5.26 billion in revenue for the last quarter, exceeding estimates, but posted an EPS of $0.65, which fell short of the consensus estimate of $1.03.

Lingohr Asset Management GmbH reduced its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 91.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,976 shares of the Internet company based in Singapore's stock after selling 41,494 shares during the quarter. Lingohr Asset Management GmbH's holdings in SEA were worth $636,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SE. Sheets Smith Investment Management acquired a new stake in SEA in the first quarter valued at approximately $1,053,000. Strs Ohio bought a new position in shares of SEA in the first quarter valued at approximately $6,970,000. Addison Capital Co raised its position in shares of SEA by 1.4% in the first quarter. Addison Capital Co now owns 39,889 shares of the Internet company based in Singapore's stock valued at $5,205,000 after purchasing an additional 568 shares during the period. Acadian Asset Management LLC raised its position in shares of SEA by 8.0% in the first quarter. Acadian Asset Management LLC now owns 4,777,353 shares of the Internet company based in Singapore's stock valued at $623,355,000 after purchasing an additional 354,158 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of SEA by 309.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore's stock valued at $280,000 after purchasing an additional 1,622 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 0.7%

SE traded down $1.42 during trading on Tuesday, reaching $189.04. The company had a trading volume of 3,708,711 shares, compared to its average volume of 3,489,947. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a 12 month low of $78.51 and a 12 month high of $199.30. The business's fifty day moving average price is $170.74 and its 200 day moving average price is $151.48. The company has a market cap of $111.37 billion, a P/E ratio of 97.95 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the previous year, the firm posted $0.14 EPS. The business's quarterly revenue was up 38.2% compared to the same quarter last year. Equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Benchmark lifted their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Loop Capital reissued a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday. Barclays boosted their target price on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Wedbush boosted their target price on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $176.85.

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.