Sea Limited Sponsored ADR $SE Shares Purchased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Sea Limited Sponsored ADR by 9.3% during Q1, holding 3,219,713 shares valued at approximately $420.14 million.
• Multiple institutional investors, including Cambridge Investment Research Advisors and Assenagon Asset Management, have also increased their holdings, indicating strong institutional interest in Sea Limited.
• Analysts maintain a Moderate Buy consensus on Sea Limited shares, with price targets ranging from $170.00 to $219.90, reflecting confidence in the company’s growth potential.

Northern Trust Corp raised its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 9.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,219,713 shares of the Internet company based in Singapore's stock after buying an additional 273,366 shares during the period. Northern Trust Corp owned approximately 0.55% of SEA worth $420,140,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of SEA during the 1st quarter worth approximately $336,521,000. Nuveen LLC purchased a new position in shares of SEA during the 1st quarter worth approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SEA by 713.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after purchasing an additional 693,336 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in shares of SEA by 171.3% during the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock worth $128,252,000 after purchasing an additional 620,587 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 3.2%

Shares of SE stock traded up $5.82 during trading hours on Friday, hitting $185.42. 4,862,230 shares of the company were exchanged, compared to its average volume of 4,715,185. The firm has a market cap of $109.23 billion, a PE ratio of 96.07 and a beta of 1.58. Sea Limited Sponsored ADR has a 1 year low of $75.67 and a 1 year high of $185.68. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $159.15 and a 200 day moving average of $144.36.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share 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 analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The company's revenue was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Barclays raised 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. Benchmark boosted their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, SEA has an average rating of "Moderate Buy" and a consensus target price of $173.49.

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.