Mitsubishi UFJ Trust & Banking Corp Has $95.44 Million Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in Sea Limited by 5%, holding 731,405 shares valued at approximately $95.44 million.
• Sea Limited's quarterly earnings report indicated a missed EPS estimate of $0.65 against a consensus of $0.93, despite a revenue increase of 29.6% year-over-year.
• Several institutional investors increased their positions in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd making the largest change by growing its holdings by 2,082.7%.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 5.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 731,405 shares of the Internet company based in Singapore's stock after selling 38,206 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.12% of SEA worth $95,441,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the period. Capital Research Global Investors grew its holdings in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after buying an additional 1,325,183 shares during the period. Geode Capital Management LLC increased its position in shares of SEA by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after buying an additional 142,080 shares in the last quarter. Northern Trust Corp raised its stake in SEA by 12.6% during the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after buying an additional 329,881 shares during the period. Finally, FIL Ltd lifted its holdings in SEA by 46.9% during the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after acquiring an additional 840,550 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of SE stock opened at $154.21 on Friday. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company's fifty day simple moving average is $157.91 and its 200-day simple moving average is $139.34. The firm has a market cap of $90.85 billion, a PE ratio of 108.60 and a beta of 1.58. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SE shares. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Loop Capital restated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays increased their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.