National Pension Service Grows Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• The National Pension Service increased its stake in Sea Limited Sponsored ADR by 57.4% in the first quarter, owning 835,228 shares valued at approximately $108.99 million.
• Several brokerages raised their target prices for SEA shares, with Barclays setting a new target at $200.00 and JPMorgan Chase increasing theirs to $190.00, reflecting growing analyst optimism.
• SEA's quarterly earnings showed a 38.2% year-over-year revenue increase to $5.26 billion, but the company missed EPS expectations, reporting just $0.65 compared to estimates of $1.03.

National Pension Service increased its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 57.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 835,228 shares of the Internet company based in Singapore's stock after purchasing an additional 304,580 shares during the period. National Pension Service owned approximately 0.14% of SEA worth $108,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SE. Raymond James Financial Inc. purchased a new position in shares of SEA during the fourth quarter valued at approximately $19,247,000. Townsquare Capital LLC grew its position in SEA by 26.1% during the fourth quarter. Townsquare Capital LLC now owns 27,015 shares of the Internet company based in Singapore's stock valued at $2,866,000 after buying an additional 5,591 shares during the period. Mariner LLC grew its position in SEA by 3.8% during the fourth quarter. Mariner LLC now owns 37,637 shares of the Internet company based in Singapore's stock valued at $3,994,000 after buying an additional 1,386 shares during the period. NewEdge Advisors LLC grew its position in SEA by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 14,266 shares of the Internet company based in Singapore's stock valued at $1,514,000 after buying an additional 1,200 shares during the period. Finally, Wasatch Advisors LP grew its position in SEA by 5.6% during the fourth quarter. Wasatch Advisors LP now owns 1,624,984 shares of the Internet company based in Singapore's stock valued at $172,411,000 after buying an additional 86,181 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SE. Barclays boosted their target price on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush upped their price target on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday. Benchmark upped their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Macquarie reiterated an "outperform" rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $172.33.

SEA Trading Up 0.2%

Shares of SE opened at $174.44 on Thursday. Sea Limited Sponsored ADR has a twelve month low of $75.67 and a twelve month high of $181.76. The company has a market cap of $102.76 billion, a P/E ratio of 90.38 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $156.54 and its 200-day simple moving average is $141.57.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 14.17% and a net margin of 6.23%. The company's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. As a group, analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current 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.

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