Los Angeles Capital Management LLC Decreases Stake in Sea Limited Sponsored ADR (NYSE:SE)

Los Angeles Capital Management LLC decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,601 shares of the Internet company based in Singapore's stock after selling 114,087 shares during the quarter. Los Angeles Capital Management LLC's holdings in SEA were worth $32,440,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of SEA by 46.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore's stock worth $1,980,000 after acquiring an additional 5,918 shares during the period. Corient Private Wealth LLC lifted its position in shares of SEA by 9.5% in the 4th quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore's stock worth $808,000 after acquiring an additional 662 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of SEA by 114.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,682 shares of the Internet company based in Singapore's stock worth $1,838,000 after buying an additional 9,973 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in shares of SEA by 66.2% during the 4th quarter. TD Private Client Wealth LLC now owns 1,002 shares of the Internet company based in Singapore's stock worth $106,000 after buying an additional 399 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

Shares of SEA stock traded down $0.38 during trading hours on Tuesday, reaching $154.91. The company's stock had a trading volume of 4,408,144 shares, compared to its average volume of 4,406,704. The firm has a 50 day moving average price of $158.33 and a 200-day moving average price of $136.31. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year 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. The stock has a market cap of $91.26 billion, a P/E ratio of 109.09 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SE shares. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a report on Friday, May 9th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Benchmark lifted their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Barclays boosted their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $153.17.

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.