Pinnacle Associates Ltd. Has $1.53 Million Stock Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Pinnacle Associates Ltd. increased its position in Sea Limited Sponsored ADR by 60.9%, owning 11,758 shares valued at approximately $1.53 million after purchasing 4,450 new shares in the first quarter.
• A significant number of institutional investors have also adjusted their stakes in Sea Limited, with 59.53% of the stock currently held by such investors.
• Research firms have mixed ratings on Sea Limited's stock, with Barclays raising its price target to $200 while others have lowered their ratings, resulting in a current average rating of "Moderate Buy" with a target price of $159.82.

Pinnacle Associates Ltd. increased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 60.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,758 shares of the Internet company based in Singapore's stock after purchasing an additional 4,450 shares during the quarter. Pinnacle Associates Ltd.'s holdings in SEA were worth $1,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Sava Infond d.o.o. acquired a new position in shares of SEA during the 1st quarter worth about $26,000. Tradewinds Capital Management LLC grew its position in shares of 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 buying an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of SEA during the 1st quarter worth about $28,000. Fifth Third Bancorp grew its position in shares of 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 buying an additional 195 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of SEA during the 1st quarter worth about $34,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SE. Barclays boosted their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Loop Capital reiterated 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. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Four investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $159.82.

SEA Trading Down 0.1%

NYSE SE opened at $157.74 on Friday. The stock has a market capitalization of $92.92 billion, a price-to-earnings ratio of 111.08 and a beta of 1.60. The stock's 50 day moving average price is $158.34 and its two-hundred day moving average price is $137.83. 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 Limited Sponsored ADR has a 52 week low of $55.00 and a 52 week high of $172.65.

SEA (NYSE:SE - Get Free Report) last released 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). SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. The company's revenue was up 29.6% on a year-over-year basis. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.

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