Sea Limited Sponsored ADR $SE Shares Sold by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its holdings in Sea Limited by 14.5%, selling 33,819 shares to own a total of 198,790 shares, valued at approximately $25.94 million.
• Analysts have recently upgraded their price targets for Sea Limited, with estimates ranging from $170 to $205, and a majority of analysts rating the stock as a Moderate Buy.
• Sea Limited reported a net margin of 6.23% and a 38.2% increase in quarterly revenue year-over-year, although it missed earnings expectations with $0.65 earnings per share compared to a consensus of $1.03.

Panagora Asset Management Inc. lessened its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,790 shares of the Internet company based in Singapore's stock after selling 33,819 shares during the quarter. Panagora Asset Management Inc.'s holdings in SEA were worth $25,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of SEA by 9.6% during the fourth quarter. First Trust Advisors LP now owns 31,311 shares of the Internet company based in Singapore's stock worth $3,322,000 after purchasing an additional 2,730 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in SEA by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore's stock valued at $5,566,000 after buying an additional 415 shares during the period. Lido Advisors LLC acquired a new position in shares of SEA during the 4th quarter valued at about $433,000. Schonfeld Strategic Advisors LLC increased its stake in shares of SEA by 430.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 42,400 shares of the Internet company based in Singapore's stock valued at $4,499,000 after acquiring an additional 34,400 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of SEA by 196.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 224,507 shares of the Internet company based in Singapore's stock worth $23,820,000 after acquiring an additional 148,841 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Up 4.9%

Shares of SE traded up $8.91 during mid-day trading on Thursday, reaching $189.89. 3,132,231 shares of the stock traded hands, compared to its average volume of 4,588,654. The stock has a fifty day simple moving average of $163.68 and a 200 day simple moving average of $147.49. Sea Limited Sponsored ADR has a 12-month low of $75.91 and a 12-month high of $190.75. 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 market cap of $111.86 billion, a price-to-earnings ratio of 98.34 and a beta of 1.53.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. SEA's revenue for the quarter was up 38.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SE shares. Benchmark increased their price target 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. Wedbush lifted their price target on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Barclays lifted their price target on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Loop Capital restated a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA 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.