Marcho Partners LLP Raises Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Marcho Partners LLP has raised its stake in Sea Limited Sponsored ADR (NYSE:SE) by 28.1% during the first quarter, increasing its holdings to 173,255 shares, valued at approximately $22.6 million.
• Other institutional investors also made significant moves, such as OVERSEA CHINESE BANKING Corp which increased its stake by 2,082.7%, owning nearly 28.8 million shares valued at around $3.75 billion.
• Sea Limited reported a $0.65 EPS for the last quarter, missing analysts' expectations, although its revenue grew by 38.2% compared to the previous year.

Marcho Partners LLP increased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 28.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,255 shares of the Internet company based in Singapore's stock after purchasing an additional 37,987 shares during the period. SEA makes up 8.3% of Marcho Partners LLP's portfolio, making the stock its 6th biggest position. Marcho Partners LLP's holdings in SEA were worth $22,608,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after acquiring an additional 27,448,779 shares in the last quarter. Jennison Associates LLC bought a new stake in SEA in the 1st quarter valued at approximately $336,521,000. Capital Research Global Investors lifted its stake in SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Nuveen LLC bought a new stake in SEA in the 1st quarter valued at approximately $162,796,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in SEA by 713.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock valued at $103,157,000 after acquiring an additional 693,336 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

SEA stock opened at $173.56 on Wednesday. The stock's 50 day moving average is $156.41 and its 200 day moving average is $141.34. 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 firm has a market cap of $102.25 billion, a P/E ratio of 122.23 and a beta of 1.58. Sea Limited Sponsored ADR has a one year low of $70.00 and a one year high of $178.00.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the topic of a number of research analyst reports. Loop Capital restated a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Finally, Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $164.83.

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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