M&T Bank Corp Sells 8,457 Shares of Sea Limited Sponsored ADR (NYSE:SE)

M&T Bank Corp trimmed its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,646 shares of the Internet company based in Singapore's stock after selling 8,457 shares during the period. M&T Bank Corp's holdings in SEA were worth $8,436,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in SEA by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 291,158 shares of the Internet company based in Singapore's stock worth $30,892,000 after purchasing an additional 19,411 shares during the period. Assetmark Inc. boosted its holdings in shares of SEA by 109.0% during the fourth quarter. Assetmark Inc. now owns 2,982 shares of the Internet company based in Singapore's stock worth $316,000 after acquiring an additional 1,555 shares during the period. Raymond James Financial Inc. acquired a new position in shares of SEA in the fourth quarter valued at approximately $19,247,000. Callan Family Office LLC acquired a new stake in shares of SEA during the fourth quarter worth $254,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of SEA by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 37,701 shares of the Internet company based in Singapore's stock valued at $4,000,000 after acquiring an additional 374 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SE. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Benchmark lifted their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Finally, Barclays boosted their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $153.17.

SEA Price Performance

Shares of SE traded down $1.24 during trading hours on Friday, reaching $148.16. The stock had a trading volume of 2,875,024 shares, compared to its average volume of 4,356,027. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The stock has a market capitalization of $87.28 billion, a PE ratio of 104.34 and a beta of 1.60. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company's 50-day moving average is $156.46 and its two-hundred day moving average is $134.23.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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 business 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 business earned ($0.04) EPS. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. Research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current 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.