Nissay Asset Management Corp Japan ADV Has $20.40 Million Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Sea Limited Sponsored ADR by 8.3% by acquiring 11,996 shares, bringing its total to 156,322 shares worth approximately $20.4 million.
• Several other institutional investors, including Fifth Third Bancorp and Tradewinds Capital Management LLC, have also significantly increased their stakes in SEA during the first quarter.
• Analysts have mixed views on SEA, with varying ratings, but the stock has a consensus rating of "Moderate Buy" and an average price target of approximately $173.99.

Nissay Asset Management Corp Japan ADV boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 8.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,322 shares of the Internet company based in Singapore's stock after purchasing an additional 11,996 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in SEA were worth $20,398,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MAI Capital Management boosted its position in SEA by 7.3% during the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after acquiring an additional 82 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of SEA by 2.9% in the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming boosted its holdings in SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. grew its position in SEA by 4.8% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after purchasing an additional 93 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in SEA by 13.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after buying an additional 100 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Arete cut SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research report on Wednesday, September 3rd. Wedbush boosted their price target on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Arete Research downgraded SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Finally, Benchmark boosted their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA Stock Performance

Shares of NYSE:SE traded up $0.10 on Wednesday, hitting $192.77. The company had a trading volume of 1,411,648 shares, compared to its average volume of 4,558,705. The stock has a market cap of $113.56 billion, a price-to-earnings ratio of 99.78 and a beta of 1.53. The stock has a 50 day moving average price of $166.39 and a 200 day moving average price of $149.16. Sea Limited Sponsored ADR has a 1-year low of $76.38 and a 1-year high of $195.00. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The business's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. 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.