Mirae Asset Global Investments Co. Ltd. Buys 693,336 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 713.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 790,538 shares of the Internet company based in Singapore's stock after buying an additional 693,336 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.14% of SEA worth $103,157,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sava Infond d.o.o. purchased a new position in SEA in the first quarter worth $26,000. Inlight Wealth Management LLC purchased a new position in shares of SEA in the 1st quarter worth about $28,000. Fifth Third Bancorp boosted its holdings in shares of SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 204 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Arete Research upgraded shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Jefferies Financial Group upped their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Finally, Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Four 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, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $147.15.

SEA Price Performance

NYSE:SE traded up $0.87 during trading hours on Friday, hitting $159.38. The stock had a trading volume of 4,606,544 shares, compared to its average volume of 4,401,336. The company has a 50 day simple moving average of $151.97 and a two-hundred day simple moving average of $131.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The firm has a market capitalization of $93.89 billion, a price-to-earnings ratio of 112.24 and a beta of 1.64.

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 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share. Research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.