Nuveen LLC Takes $162.80 Million Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Nuveen LLC has acquired a significant new position in Sea Limited, purchasing approximately 1,247,577 shares valued at $162.80 million, which represents about 0.21% of the company.
• Other institutional investors have also significantly increased their stakes in Sea Limited, with *Oversea Chinese Banking Corp Ltd* boosting holdings by 2,082.7% in the first quarter, now owning over 28.7 million shares valued at approximately $3.75 billion.
• Following its latest earnings report, Sea Limited missed EPS expectations and recorded a revenue of $4.84 billion, leading to a mixed response from analysts, who have set a consensus price target of $159.82 for the stock.

Nuveen LLC acquired a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,247,577 shares of the Internet company based in Singapore's stock, valued at approximately $162,796,000. Nuveen LLC owned about 0.21% of SEA as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SE. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of SEA by 2,082.7% during the 1st 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 acquiring an additional 27,448,779 shares during the last quarter. Jennison Associates LLC bought a new stake in SEA during the 1st quarter valued at approximately $336,521,000. Capital Research Global Investors boosted its stake in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 valued at $103,157,000 after purchasing an additional 693,336 shares during the period. Finally, Fred Alger Management LLC boosted its stake in SEA by 100.3% during the 4th quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock valued at $112,135,000 after purchasing an additional 529,237 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Price Performance

SEA stock opened at $146.24 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The company has a market capitalization of $86.15 billion, a PE ratio of 102.99 and a beta of 1.58. Sea Limited Sponsored ADR has a one year low of $65.15 and a one year high of $172.65. The business has a 50 day simple moving average of $156.26 and a 200 day simple moving average of $141.12.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.28). The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. SEA's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) EPS. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wedbush restated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Barclays increased their target price on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Loop Capital reiterated a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

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.

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