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 lessened its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 91.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smithfield Trust Co bought a new stake in shares of SEA during the first quarter worth about $25,000. Sava Infond d.o.o. bought a new stake in SEA during the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC grew its holdings in SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in SEA during the first quarter worth $28,000. Finally, Fifth Third Bancorp grew its holdings in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

Shares of SE stock traded up $1.80 on Friday, hitting $192.36. 1,307,983 shares of the stock were exchanged, compared to its average volume of 4,517,779. 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 capitalization of $113.32 billion, a PE ratio of 99.74 and a beta of 1.53. Sea Limited Sponsored ADR has a one year low of $83.09 and a one year high of $199.30. The firm's 50 day moving average is $172.26 and its two-hundred day moving average is $152.19.

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 for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SE shares. Barclays upped their price objective 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. JPMorgan Chase & Co. upped their target price on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, September 11th. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Loop Capital restated a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Wedbush upped their price objective on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.