Ninety One UK Ltd Has $219.73 Million Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Ninety One UK Ltd grew its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 35.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,683,861 shares of the Internet company based in Singapore's stock after purchasing an additional 439,973 shares during the period. Ninety One UK Ltd owned about 0.29% of SEA worth $219,727,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sava Infond d.o.o. bought a new position in shares of SEA in the 1st quarter valued at approximately $26,000. Tradewinds Capital Management LLC raised its stake in shares of SEA by 100.0% in 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 acquiring an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of SEA in the 1st quarter valued at approximately $28,000. Fifth Third Bancorp raised its stake in shares of SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of SEA by 43.8% in the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

Shares of SE stock opened at $150.86 on Tuesday. The stock has a 50 day moving average of $155.41 and a two-hundred day moving average of $133.30. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a market capitalization of $88.87 billion, a P/E ratio of 106.24 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last announced 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). SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business posted ($0.04) EPS. SEA's revenue was up 29.6% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent analyst reports. Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Finally, Benchmark raised their target price on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $153.17.

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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