MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 12,986 Shares of 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. trimmed its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Infusive Asset Management Inc. acquired a new stake in SEA in the first quarter worth approximately $1,511,000. KADENSA CAPITAL Ltd increased its holdings in shares of SEA by 136.2% in the first quarter. KADENSA CAPITAL Ltd now owns 153,575 shares of the Internet company based in Singapore's stock valued at $20,040,000 after buying an additional 88,565 shares in the last quarter. Kensico Capital Management Corp increased its holdings in shares of SEA by 34.3% in the first quarter. Kensico Capital Management Corp now owns 1,670,200 shares of the Internet company based in Singapore's stock valued at $217,944,000 after buying an additional 426,700 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of SEA by 203.4% in the first quarter. Alliancebernstein L.P. now owns 287,730 shares of the Internet company based in Singapore's stock valued at $37,546,000 after buying an additional 192,904 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of SEA in the first quarter valued at $1,983,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SE. JPMorgan Chase & Co. upped their price target on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday. Barclays upped their price target on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark boosted their target price on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Finally, Wedbush boosted their target price on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $176.85.

SEA Stock Down 1.8%

NYSE:SE traded down $3.49 during trading hours on Monday, reaching $192.56. The company's stock had a trading volume of 657,364 shares, compared to its average volume of 4,533,853. The company has a market cap of $113.44 billion, a price-to-earnings ratio of 99.80 and a beta of 1.53. Sea Limited Sponsored ADR has a one year low of $78.51 and a one year high of $199.30. The business's 50-day moving average is $169.15 and its 200-day moving average is $150.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54.

SEA (NYSE:SE - Get Free Report) last issued 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 analysts' consensus estimates of $1.03 by ($0.38). The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The company's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Equities research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

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.