LPL Financial LLC Buys 53,757 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• LPL Financial LLC increased its stake in Sea Limited by 25.8%, acquiring an additional 53,757 shares, bringing their total holdings to 262,394 shares valued at approximately $34.24 million.
• Analysts have set new price targets for Sea Limited, with Barclays raising their target from $182 to $200, and JPMorgan upgrading their rating to "overweight" while increasing their target from $135 to $190.
• Sea Limited reported earnings of $0.65 per share for the last quarter, missing estimates, with revenues reaching $4.84 billion, slightly below expectations of $4.90 billion.

LPL Financial LLC lifted its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,394 shares of the Internet company based in Singapore's stock after buying an additional 53,757 shares during the period. LPL Financial LLC's holdings in SEA were worth $34,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares during the last quarter. State of Wyoming lifted its stake in SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. lifted its stake in SEA by 4.8% during the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after purchasing an additional 93 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in SEA by 13.3% during the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its stake 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 purchasing an additional 100 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays upped their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price target for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $159.82.

SEA Stock Down 1.6%

Shares of NYSE:SE opened at $154.21 on Friday. The firm has a market cap of $90.85 billion, a P/E ratio of 108.60 and a beta of 1.58. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month high of $172.65. The business has a fifty day simple moving average of $157.91 and a 200 day simple moving average of $139.54.

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

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