Mediolanum International Funds Ltd Sells 24,659 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Mediolanum International Funds Ltd reduced its stake in Sea Limited by 25.9%, selling 24,659 shares, and now owns 70,500 shares valued at approximately $9.21 million.
• Sea Limited recently reported a loss in earnings per share of $0.65, missing analysts' estimates of $0.93, despite a year-over-year revenue increase of 29.6%.
• Recent analyst reports have provided diverse ratings for Sea Limited, with Benchmark raising the price target to $180 while Bank of America set a target of $160 following a downgrade to "neutral."

Mediolanum International Funds Ltd decreased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,500 shares of the Internet company based in Singapore's stock after selling 24,659 shares during the quarter. Mediolanum International Funds Ltd's holdings in SEA were worth $9,212,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Pacer Advisors Inc. boosted its position 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 valued at $402,000 after acquiring an additional 87 shares during the last quarter. State of Wyoming boosted its position 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 valued at $319,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. boosted its position 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 valued at $267,000 after acquiring an additional 93 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position 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 valued at $111,000 after acquiring an additional 100 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position 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 valued at $26,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Trading Down 0.6%

Shares of SE stock traded down $0.99 during mid-day trading on Wednesday, reaching $159.47. The stock had a trading volume of 1,064,596 shares, compared to its average volume of 4,558,139. Sea Limited Sponsored ADR has a 52-week low of $55.00 and a 52-week high of $172.65. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average price is $158.31 and its two-hundred day moving average price is $138.40. The firm has a market capitalization of $93.94 billion, a PE ratio of 112.26 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last announced its quarterly 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). SEA had a net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the prior year, the firm earned ($0.04) EPS. SEA's quarterly revenue was up 29.6% compared to the same quarter last year. Equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Benchmark increased their price objective on shares of 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 reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.82.

SEA Company 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.