Quantbot Technologies LP Lowers Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Quantbot Technologies LP has reduced its stake in Sea Limited Sponsored ADR by 61.6%, now holding 17,372 shares valued at approximately $2.27 million.
• Sea Limited reported a net margin of 6.23% and revenue of $5.26 billion for the quarter, exceeding analyst estimates, but missed earnings expectations with $0.65 EPS.
• A number of analysts have raised their price targets for SEA, with Wedbush setting a new target of $200 and Barclays at $214, indicating strong future growth potential.

Quantbot Technologies LP lessened its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 61.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,372 shares of the Internet company based in Singapore's stock after selling 27,922 shares during the period. Quantbot Technologies LP's holdings in SEA were worth $2,267,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Korea Investment CORP grew its position in SEA by 3.5% in the 1st quarter. Korea Investment CORP now owns 243,970 shares of the Internet company based in Singapore's stock worth $31,836,000 after purchasing an additional 8,159 shares during the period. Northern Trust Corp grew its position in SEA by 9.3% in the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock worth $420,140,000 after purchasing an additional 273,366 shares during the period. Brooklyn Investment Group grew its position in SEA by 361.4% in the 1st quarter. Brooklyn Investment Group now owns 1,015 shares of the Internet company based in Singapore's stock worth $132,000 after purchasing an additional 795 shares during the period. Algert Global LLC grew its position in SEA by 412.1% in the 1st quarter. Algert Global LLC now owns 39,923 shares of the Internet company based in Singapore's stock worth $5,210,000 after purchasing an additional 32,127 shares during the period. Finally, Raymond James Financial Inc. grew its position in SEA by 20.7% in the 1st quarter. Raymond James Financial Inc. now owns 218,931 shares of the Internet company based in Singapore's stock worth $28,568,000 after purchasing an additional 37,526 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of SEA stock traded up $5.82 on Friday, hitting $185.42. 4,862,230 shares of the company's stock were exchanged, compared to its average volume of 4,715,185. 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 1 year low of $75.67 and a 1 year high of $185.68. The company has a 50-day simple moving average of $159.15 and a 200-day simple moving average of $144.51. The stock has a market capitalization of $109.23 billion, a PE ratio of 96.07 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last released its 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 firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. During the same quarter last year, the firm posted $0.14 EPS. The firm's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analysts Set New Price Targets

SE has been the subject of a number of research analyst reports. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. Benchmark lifted their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Wedbush lifted their price target 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 reiterated an "outperform" rating and set a $219.90 price target (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.49.

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.