Plato Investment Management Ltd Has $1.21 Million Position in Sea Limited Sponsored ADR $SE

Key Points

• Plato Investment Management Ltd increased its holdings in Sea Limited by 30.4% in Q1, owning 9,192 shares worth approximately $1.21 million as per its latest SEC filing.
• Several major hedge funds have significantly increased their stakes in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd boosting its position by 2,082.7%, now owning over 28 million shares valued at nearly $3.75 billion.
• Analysts have mixed ratings for Sea Limited, with recent upgrades raising price targets, including a jump from $170 to $200 by Wedbush, while Arete Research downgraded it from "strong-buy" to "hold."

Plato Investment Management Ltd lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 30.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,192 shares of the Internet company based in Singapore's stock after purchasing an additional 2,141 shares during the quarter. Plato Investment Management Ltd's holdings in SEA were worth $1,212,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after buying an additional 27,448,779 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of SEA during the first quarter worth $336,521,000. Fred Alger Management LLC lifted its position in SEA by 144.6% in the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Scge Management L.P. boosted its position in shares of SEA by 137.6% during the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock worth $281,858,000 after buying an additional 1,251,000 shares during the period. Finally, Nuveen LLC acquired a new position in SEA during the 1st quarter worth approximately $162,796,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SE has been the subject of a number of recent research reports. 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 note on Wednesday, August 13th. Macquarie reissued an "outperform" rating and set a $219.90 price target (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Barclays raised their price target on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Arete Research downgraded SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. Finally, Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $173.99.

SEA Stock Performance

SE opened at $193.47 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 12-month low of $76.38 and a 12-month high of $195.00. The business has a 50 day moving average of $167.27 and a 200-day moving average of $149.47. The stock has a market cap of $113.98 billion, a price-to-earnings ratio of 100.24 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last posted 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). SEA had a net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same quarter last year, the company posted $0.14 EPS. The firm's revenue was up 38.2% on a year-over-year basis. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

About SEA

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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