Nikko Asset Management Americas Inc. Lowers Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Nikko Asset Management Americas Inc. has decreased its holdings in Sea Limited by 2.7%, now owning 237,290 shares valued at approximately $30.9 million.
• Sea Limited missed earnings estimates for the last quarter, reporting $0.65 per share compared to the consensus estimate of $0.93, with revenue of $4.84 billion.
• Analysts show varied views on Sea Limited, with JPMorgan upgrading the stock to "overweight" and setting a target price of $190, while Bank of America downgraded it to "neutral" with a target of $160.

Nikko Asset Management Americas Inc. decreased its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,290 shares of the Internet company based in Singapore's stock after selling 6,563 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in SEA were worth $30,935,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SE. Sava Infond d.o.o. purchased a new position in SEA during the first quarter worth approximately $26,000. Tradewinds Capital Management LLC boosted its position in SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in SEA during the first quarter worth approximately $28,000. Fifth Third Bancorp boosted its position in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in SEA during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

NYSE:SE opened at $157.74 on Friday. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. 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 cap of $92.92 billion, a PE ratio of 111.08 and a beta of 1.60. The stock has a 50 day moving average price of $158.34 and a 200 day moving average price of $137.63.

SEA (NYSE:SE - Get Free Report) last posted 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 net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business posted ($0.04) EPS. SEA's revenue for the quarter 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on SE shares. JPMorgan Chase & Co. upgraded 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. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research report on Friday, May 9th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Barclays raised their target price on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average target price 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.

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