Nissay Asset Management Corp Japan ADV Grows Stock 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 raised its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 156,322 shares of the Internet company based in Singapore's stock after purchasing an additional 11,996 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in SEA were worth $20,398,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. MAI Capital Management raised its position in shares of 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 purchasing an additional 82 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of SEA by 2.9% during the 1st 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 during the last quarter. State of Wyoming raised its position in shares of SEA by 3.1% during the 4th 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. raised its position in shares of SEA by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock worth $267,000 after purchasing an additional 93 shares during the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in shares of SEA by 13.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on SE. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a research note on Wednesday. Benchmark raised their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Barclays raised their target price 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. Finally, Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. One investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $173.99.

SEA Trading Up 1.0%

Shares of SE stock traded up $1.91 during trading on Friday, hitting $191.62. 4,429,415 shares of the stock traded hands, compared to its average volume of 4,736,529. The firm has a market capitalization of $112.89 billion, a P/E ratio of 99.29 and a beta of 1.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The firm's fifty day moving average price is $164.94 and its 200-day moving average price is $148.42. Sea Limited Sponsored ADR has a 52-week low of $75.91 and a 52-week high of $192.28.

SEA (NYSE:SE - Get Free Report) last released 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 firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm's quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.