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Pier 88 Investment Partners LLC Takes $1.28 Million Position in Sea Limited Sponsored ADR (NYSE:SE)

SEA logo with Computer and Technology background

Pier 88 Investment Partners LLC bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,840 shares of the Internet company based in Singapore's stock, valued at approximately $1,284,000.

A number of other hedge funds have also recently bought and sold shares of SE. Sava Infond d.o.o. purchased a new position in SEA in the 1st quarter worth about $26,000. Tradewinds Capital Management LLC boosted its position in SEA by 100.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after acquiring an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new stake in SEA during the 1st quarter worth about $28,000. Fifth Third Bancorp boosted its position in SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after acquiring an additional 195 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in SEA during the 1st quarter worth about $34,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 0.8%

Shares of SEA stock traded down $1.20 on Tuesday, hitting $154.09. The company had a trading volume of 1,803,033 shares, compared to its average volume of 4,396,761. The stock has a market capitalization of $90.77 billion, a price-to-earnings ratio of 108.31 and a beta of 1.60. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65. The stock has a 50 day moving average of $158.33 and a 200-day moving average of $136.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share 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 firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the company posted ($0.04) earnings per share. SEA's revenue for the quarter was up 29.6% on a year-over-year basis. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

SE has been the subject of several research reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Barclays raised their price objective on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. 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 note on Thursday, May 29th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

Read Our Latest Report on SE

SEA Profile

(Free Report)

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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Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).

Institutional Ownership by Quarter for SEA (NYSE:SE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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