Petra Financial Advisors Inc. Makes New $246,000 Investment in Sea Limited Sponsored ADR (NYSE:SE)

Petra Financial Advisors Inc. purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,888 shares of the Internet company based in Singapore's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in SEA in the 4th quarter valued at about $1,493,682,000. Capital Research Global Investors grew its stake in shares of SEA by 19.5% during the fourth 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 last quarter. Geode Capital Management LLC increased its holdings in shares of SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after purchasing an additional 142,080 shares in the last quarter. Northern Trust Corp raised its position in SEA by 12.6% in the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after purchasing an additional 329,881 shares during the last quarter. Finally, FIL Ltd lifted its holdings in SEA by 46.9% during the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after buying an additional 840,550 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 1.4%

SE traded down $2.20 on Friday, hitting $153.49. 3,172,338 shares of the company were exchanged, compared to its average volume of 4,436,135. The stock's fifty day moving average is $148.25 and its 200-day moving average is $130.05. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The company has a market cap of $90.42 billion, a PE ratio of 108.09 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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). SEA had a net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company posted ($0.04) EPS. The company's quarterly revenue was up 29.6% compared to the same quarter last year. Equities research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. UBS Group upped their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Jefferies Financial Group lifted their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Barclays raised their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $147.15.

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.