Sea Limited Sponsored ADR (NYSE:SE) Position Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 31.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.

A number of other large investors have also recently bought and sold shares of the stock. Sava Infond d.o.o. purchased a new position in shares of SEA in the 1st quarter worth $26,000. Tradewinds Capital Management LLC raised its position in shares of SEA by 100.0% in the 1st 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 during the period. Inlight Wealth Management LLC purchased a new position in SEA in the first quarter valued at about $28,000. Fifth Third Bancorp raised its position in SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in SEA in the first quarter valued at about $34,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

SE has been the topic of several research reports. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Barclays lifted their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Loop Capital reaffirmed 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, Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price of $159.82.

SEA Stock Performance

Shares of SE traded down $2.14 during mid-day trading on Thursday, reaching $156.43. 925,285 shares of the company's stock traded hands, compared to its average volume of 4,610,090. The business's 50-day moving average price is $158.56 and its 200-day moving average price is $136.93. The stock has a market capitalization of $92.16 billion, a P/E ratio of 110.16 and a beta of 1.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65.

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

About SEA

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.