Sea Limited Sponsored ADR (NYSE:SE) Shares Purchased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Sea Limited Sponsored ADR by 4.2%, owning 408,500 shares valued at $53.3 million as of the end of the most recent quarter.
• Sea Limited reported a loss per share of $0.65 for the latest quarter, missing the consensus estimate of $0.93, while revenue reached $4.84 billion, below expectations of $4.90 billion.
• Analyst ratings for SEA vary, with Barclays upgrading its price target to $200 and Bank of America downgrading it to a neutral rating with a $160 target.

Natixis Advisors LLC increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 408,500 shares of the Internet company based in Singapore's stock after buying an additional 16,596 shares during the quarter. Natixis Advisors LLC owned about 0.07% of SEA worth $53,305,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sava Infond d.o.o. purchased a new position in shares of SEA during the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC lifted its position in shares of SEA by 100.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of SEA during the 1st quarter valued at about $28,000. Fifth Third Bancorp lifted its position in shares of SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of SEA during the 1st quarter valued at about $34,000. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SE has been the subject of a number of recent analyst reports. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Benchmark upped their price target on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Barclays upped their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. upgraded 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 note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, SEA presently has an average rating of "Moderate Buy" and an average price target of $159.82.

SEA Stock Performance

NYSE:SE traded down $2.44 during trading hours on Friday, reaching $154.21. The company had a trading volume of 2,767,347 shares, compared to its average volume of 3,874,490. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The firm has a market cap of $90.85 billion, a PE ratio of 108.60 and a beta of 1.58. The business's 50 day moving average price is $157.91 and its 200-day moving average price is $139.34. 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 (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. Research analysts forecast 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.