Raiffeisen Bank International AG Makes New $893,000 Investment in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Raiffeisen Bank International AG made a new investment of approximately $893,000 in Sea Limited by acquiring 6,831 shares during the first quarter.
• Despite a 29.6% year-over-year revenue increase, Sea Limited reported an earnings per share (EPS) of $0.65 for the last quarter, which fell short of the consensus estimate of $0.93.
• Analysts have mixed opinions on Sea Limited's stock, with target prices ranging from $150.00 to $200.00 and ratings varying from "buy" to "neutral," reflecting differing forecasts for future growth.

Raiffeisen Bank International AG purchased a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,831 shares of the Internet company based in Singapore's stock, valued at approximately $893,000.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after acquiring an additional 87 shares during the period. State of Wyoming lifted its holdings in shares of SEA by 3.1% during the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after acquiring an additional 90 shares during the period. Blue Trust Inc. lifted its holdings in shares of SEA by 4.8% during the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after acquiring an additional 93 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of SEA by 13.3% during the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Up 1.7%

NYSE:SE opened at $156.76 on Tuesday. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month high of $172.65. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $92.35 billion, a P/E ratio of 110.40 and a beta of 1.58. The stock's fifty day simple moving average is $157.76 and its 200-day simple moving average is $140.03.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SE shares. Benchmark increased their target price on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 target price on shares of SEA in a report on Wednesday, May 14th. Barclays increased their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Bank of America downgraded 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. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.82.

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.

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