Northwestern Mutual Wealth Management Co. Has $3.07 Million Stake in Sea Limited Sponsored ADR $SE

Key Points

• Northwestern Mutual Wealth Management Co. has reduced its stake in Sea Limited by 7.6%, selling 1,924 shares, leaving them with 23,555 shares valued at approximately $3.07 million.
• Several institutional investors, including First Trust Advisors LP and Northern Trust Corp, have increased their holdings in Sea Limited, indicating a strong interest from larger financial entities.
• Analysts have set new price targets for Sea Limited, with Macquarie increasing its target to $219.90 and Barclays to $214.00, amidst a consensus rating of "Moderate Buy" for the stock.

Northwestern Mutual Wealth Management Co. trimmed its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,555 shares of the Internet company based in Singapore's stock after selling 1,924 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in SEA were worth $3,074,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Smithfield Trust Co bought a new stake in SEA in the first quarter valued at $25,000. Sava Infond d.o.o. bought a new stake in SEA in the first quarter valued at $26,000. Tradewinds Capital Management LLC grew its position in SEA by 100.0% in the first 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 during the period. Inlight Wealth Management LLC bought a new stake in SEA in the first quarter valued at $28,000. Finally, Fifth Third Bancorp grew its position in SEA by 464.3% in the first 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 during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

Shares of SE stock traded down $0.60 during trading hours on Friday, hitting $185.64. 5,353,980 shares of the company's stock were exchanged, compared to its average volume of 4,988,327. The stock's 50-day moving average is $162.13 and its 200-day moving average is $146.68. 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 stock has a market cap of $109.36 billion, a price-to-earnings ratio of 96.19 and a beta of 1.53. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $190.75.

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 business 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%.SEA's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SE. Bank of America cut 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. Macquarie reiterated an "outperform" rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Barclays upped their price target on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Two research 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's stock. According to MarketBeat.com, SEA has an average rating of "Moderate Buy" and an average 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.