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 shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 30.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 2,082.7% during 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 acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC acquired a new position in shares of SEA in the first quarter worth about $336,521,000. Fred Alger Management LLC lifted its stake in shares of SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Scge Management L.P. lifted its stake in shares of SEA by 137.6% in 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 acquiring an additional 1,251,000 shares in the last quarter. Finally, Nuveen LLC bought a new stake in SEA in the first quarter valued at about $162,796,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Down 0.5%

Shares of NYSE:SE traded down $1.04 during midday trading on Tuesday, hitting $189.42. 1,695,847 shares of the stock were exchanged, compared to its average volume of 4,532,260. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. Sea Limited Sponsored ADR has a 52-week low of $78.51 and a 52-week high of $199.30. The business's fifty day simple moving average is $169.94 and its two-hundred day simple moving average is $151.21. The company has a market capitalization of $111.59 billion, a PE ratio of 97.88 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The company's quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SE. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a report on Saturday. Wedbush boosted their price objective on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a report on Wednesday, September 3rd. Barclays upped their target price on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Macquarie reaffirmed an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $176.85.

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.