Public Sector Pension Investment Board Buys 12,800 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• The Public Sector Pension Investment Board increased its stake in Sea Limited by 7.5% during Q1, acquiring an additional 12,800 shares, bringing its total holdings to 182,907 shares worth approximately $23.87 million.
• Multiple hedge funds, including OVERSEA CHINESE BANKING Corp Ltd and Capital Research Global Investors, have significantly increased their positions in SEA, reflecting strong institutional interest in the company.
• Despite a reported loss of $0.28 per share, Sea Limited saw a 29.6% year-over-year revenue increase to $4.84 billion in its latest earnings report, though it fell short of analyst expectations.

Public Sector Pension Investment Board lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,907 shares of the Internet company based in Singapore's stock after acquiring an additional 12,800 shares during the period. Public Sector Pension Investment Board's holdings in SEA were worth $23,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Independent Advisor Alliance boosted its stake in SEA by 17.0% during the first quarter. Independent Advisor Alliance now owns 12,926 shares of the Internet company based in Singapore's stock valued at $1,687,000 after buying an additional 1,879 shares during the last quarter. Nuveen LLC bought a new position in SEA during the first quarter valued at approximately $162,796,000. Coronation Fund Managers Ltd. boosted its stake in SEA by 2.1% during the first quarter. Coronation Fund Managers Ltd. now owns 1,073,399 shares of the Internet company based in Singapore's stock valued at $140,068,000 after buying an additional 22,464 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in SEA by 17.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 647,821 shares of the Internet company based in Singapore's stock valued at $84,534,000 after buying an additional 94,681 shares during the last quarter. Finally, Cynosure Group LLC bought a new position in SEA during the first quarter valued at approximately $339,000. Institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wedbush raised their price objective on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday. Macquarie reaffirmed an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research note on Tuesday. 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. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $172.33.

SEA Trading Up 0.2%

Shares of NYSE SE traded up $0.32 during midday trading on Wednesday, hitting $174.44. The company's stock had a trading volume of 7,749,298 shares, compared to its average volume of 5,048,283. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $156.54 and its two-hundred day moving average is $141.57. Sea Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $181.76. The firm has a market cap of $102.76 billion, a P/E ratio of 90.38 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 14.17% and a net margin of 6.23%. The company's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. As a group, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS 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.