1,658 Shares in Sea Limited Sponsored ADR (NYSE:SE) Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC acquired a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,658 shares of the Internet company based in Singapore's stock, valued at approximately $216,000.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in SEA in the 4th quarter valued at approximately $1,493,682,000. Capital Research Global Investors lifted its position 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 worth $862,175,000 after acquiring an additional 1,325,183 shares during the period. Geode Capital Management LLC lifted 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 worth $335,084,000 after acquiring an additional 142,080 shares during the period. Northern Trust Corp lifted its position in shares of SEA by 12.6% in 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 acquiring an additional 329,881 shares during the period. Finally, FIL Ltd lifted its position in shares of SEA by 46.9% in the 4th 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 during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

Shares of NYSE:SE traded up $0.87 during trading on Friday, reaching $159.38. The stock had a trading volume of 4,606,544 shares, compared to its average volume of 4,401,336. Sea Limited Sponsored ADR has a 52 week low of $55.00 and a 52 week high of $172.65. The business's 50-day moving average price is $151.97 and its 200 day moving average price is $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. The stock has a market capitalization of $93.89 billion, a PE ratio of 112.24 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm posted ($0.04) EPS. The business's revenue was up 29.6% on a year-over-year basis. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of research reports. Benchmark raised their price objective on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Four equities research 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 stock. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.15.

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.