MetLife Investment Management LLC Trims Position in Sea Limited Sponsored ADR $SE

Key Points

• MetLife Investment Management LLC reduced its stake in Sea Limited Sponsored ADR by 12.2% during Q1, now holding shares worth $4.97 million.
• Several hedge funds have also recently adjusted their positions in Sea Limited, with institutional investors collectively owning 59.53% of the company's stock.
• Despite missing earnings estimates with an EPS of $0.65, Sea Limited reported revenues of $5.26 billion, exceeding expectations and showing a year-over-year growth of 38.2%.

MetLife Investment Management LLC cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 12.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,100 shares of the Internet company based in Singapore's stock after selling 5,300 shares during the period. MetLife Investment Management LLC's holdings in SEA were worth $4,972,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings 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 worth $3,753,769,000 after buying an additional 27,448,779 shares during the last quarter. Kontiki Capital Management HK Ltd. raised its position in shares of SEA by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after buying an additional 111,400 shares during the period. Northern Trust Corp raised its position in shares of SEA by 9.3% during the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock valued at $420,140,000 after buying an additional 273,366 shares during the period. Jennison Associates LLC purchased a new stake in shares of SEA during the 1st quarter valued at approximately $336,521,000. Finally, CoreView Capital Management Ltd raised its position in SEA by 9.8% in the fourth quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock valued at $232,529,000 after purchasing an additional 195,225 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE SE traded up $1.36 during trading hours on Wednesday, hitting $180.14. The company had a trading volume of 1,886,726 shares, compared to its average volume of 4,593,025. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. Sea Limited Sponsored ADR has a 1-year low of $75.67 and a 1-year high of $190.75. The company has a market cap of $106.12 billion, a PE ratio of 93.33 and a beta of 1.53. The business has a 50 day moving average of $163.17 and a 200-day moving average of $147.26.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The business's revenue was up 38.2% on a year-over-year basis. As a group, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays boosted their target price on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Arete downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research note on Wednesday. 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. Bank of America downgraded shares of 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. Finally, Arete Research set a $177.00 target price on shares of SEA in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $173.99.

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.