MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in Sea Limited Sponsored ADR $SE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Sea Limited by 14.4% by selling 12,986 shares, leaving it with 77,422 shares valued at approximately $10.1 million.
• Several hedge funds have adjusted their positions in Sea Limited, with MAI Capital and Pacer Advisors both increasing their stakes during the first quarter.
• Sea Limited missed EPS estimates in its latest earnings report, posting $0.65 compared to the expected $1.03, but achieved a revenue growth of 38.2% year-over-year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,422 shares of the Internet company based in Singapore's stock after selling 12,986 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in SEA were worth $10,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MAI Capital Management increased its holdings in SEA by 7.3% in the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock valued at $156,000 after buying an additional 82 shares in the last quarter. Pacer Advisors Inc. increased its holdings in SEA by 2.9% in 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 buying an additional 87 shares in the last quarter. State of Wyoming increased its stake in shares of 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 in the last quarter. Blue Trust Inc. increased its stake in shares of 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 in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the subject of a number of research reports. Loop Capital reissued a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush boosted their target price on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday, September 3rd. Finally, Macquarie reissued an "outperform" rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.85.

SEA Price Performance

NYSE SE traded down $0.24 during trading hours on Friday, hitting $196.26. 3,048,989 shares of the company's stock traded hands, compared to its average volume of 3,519,849. Sea Limited Sponsored ADR has a 52-week low of $78.51 and a 52-week high of $199.30. The company has a market capitalization of $115.62 billion, a PE ratio of 101.69 and a beta of 1.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The firm's 50-day moving average is $169.15 and its 200-day moving average is $150.45.

SEA (NYSE:SE - Get Free Report) last announced 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 business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm's revenue was up 38.2% on a year-over-year basis. Equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

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.