Principal Financial Group Inc. Raises Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Principal Financial Group Inc. boosted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 39.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 162,286 shares of the Internet company based in Singapore's stock after purchasing an additional 46,085 shares during the period. Principal Financial Group Inc.'s holdings in SEA were worth $21,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sava Infond d.o.o. bought a new position in shares of SEA in the first quarter worth about $26,000. Tradewinds Capital Management LLC raised its stake in shares of SEA by 100.0% in the first 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 bought a new position in shares of SEA in the first quarter worth about $28,000. Fifth Third Bancorp raised its stake in shares of SEA by 464.3% in the first 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, Farther Finance Advisors LLC raised its stake in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock valued at $39,000 after purchasing an additional 112 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 0.8%

Shares of SEA stock traded down $1.24 on Friday, reaching $148.16. The company had a trading volume of 2,875,024 shares, compared to its average volume of 4,356,027. The firm's 50-day moving average price is $156.46 and its two-hundred day moving average price is $134.23. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The firm has a market cap of $87.28 billion, a price-to-earnings ratio of 104.34 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the firm earned ($0.04) EPS. SEA's revenue was up 29.6% compared to the same quarter last year. As a group, research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

SE has been the topic of several recent analyst reports. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Barclays lifted their target price 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 target price on the stock. in a research note on Friday, May 9th. Loop Capital reissued a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus price target of $153.17.

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.