OLD Mission Capital LLC Acquires New Shares in Sea Limited Sponsored ADR $SE

Key Points

• OLD Mission Capital LLC acquired 60,179 shares of Sea Limited Sponsored ADR, valued at approximately $7.85 million, indicating significant institutional interest in the company.
• Sea Limited reported a 38.2% year-over-year revenue increase of $5.26 billion, though its earnings per share of $0.65 fell short of the consensus estimate of $1.03.
• Analysts have mixed ratings on SEA, with two Strong Buy ratings and a target price consensus of $173.49, reflecting optimism about future performance despite the recent earnings miss.

OLD Mission Capital LLC bought a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 60,179 shares of the Internet company based in Singapore's stock, valued at approximately $7,853,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SE. Smithfield Trust Co purchased a new position in shares of SEA in the first quarter valued at $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA in the first quarter valued at $26,000. Tradewinds Capital Management LLC grew its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of SEA in the first quarter valued at $28,000. Finally, Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 195 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 4.3%

Shares of NYSE:SE traded down $7.98 on Tuesday, hitting $178.56. 5,164,933 shares of the company's stock were exchanged, compared to its average volume of 4,609,577. Sea Limited Sponsored ADR has a 12 month low of $75.67 and a 12 month high of $190.75. The stock has a market capitalization of $105.19 billion, a price-to-earnings ratio of 92.52 and a beta of 1.53. The business's 50 day simple moving average is $162.77 and its two-hundred day simple moving average is $147.04. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54.

SEA (NYSE:SE - Get Free Report) last released its earnings results 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). SEA had a return on equity of 13.66% and a net margin of 6.23%.The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same quarter last year, the business posted $0.14 earnings per share. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. Analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on SE shares. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Wedbush increased their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $173.49.

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.