QRG Capital Management Inc. Sells 3,842 Shares of Sea Limited Sponsored ADR (NYSE:SE)

QRG Capital Management Inc. cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,042 shares of the Internet company based in Singapore's stock after selling 3,842 shares during the period. QRG Capital Management Inc.'s holdings in SEA were worth $4,442,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in SEA during the 4th quarter worth approximately $1,493,682,000. Capital Research Global Investors grew its holdings in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after buying an additional 1,325,183 shares in the last quarter. Geode Capital Management LLC raised its position in SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after buying an additional 142,080 shares during the period. Northern Trust Corp lifted its stake in SEA by 12.6% in the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after acquiring an additional 329,881 shares in the last quarter. Finally, FIL Ltd lifted its stake in SEA by 46.9% in the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after acquiring an additional 840,550 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of 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. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. UBS Group lifted their price objective on SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Finally, Arete Research raised SEA to a "strong-buy" rating in a research report on Sunday, March 23rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Price Performance

Shares of NYSE:SE traded down $1.34 during midday trading on Thursday, reaching $155.93. The company's stock had a trading volume of 2,757,956 shares, compared to its average volume of 4,444,160. The business's fifty day simple moving average is $146.73 and its 200-day simple moving average is $129.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The company has a market capitalization of $91.86 billion, a P/E ratio of 109.81 and a beta of 1.64.

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 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) EPS. The company's revenue was up 29.6% compared to the same quarter last year. As a group, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA 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.