Raymond James Financial Inc. Has $28.57 Million Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Raymond James Financial Inc. increased its holdings in Sea Limited by 20.7% during the first quarter, acquiring a total of 218,931 shares valued at approximately $28.57 million.
• Multiple analysts have upgraded Sea Limited's stock ratings, with target prices reaching as high as $219.90, reflecting positive sentiment with an average rating of Moderate Buy.
• Despite posting EPS of $0.65 in its latest quarter, Sea Limited missed expectations, as analysts anticipated $1.03, although revenue saw a 38.2% year-over-year increase.

Raymond James Financial Inc. lifted its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,931 shares of the Internet company based in Singapore's stock after buying an additional 37,526 shares during the quarter. Raymond James Financial Inc.'s holdings in SEA were worth $28,568,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after buying an additional 27,448,779 shares during the period. Kontiki Capital Management HK Ltd. boosted its stake in SEA by 3.4% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock worth $442,167,000 after acquiring an additional 111,400 shares during the last quarter. Northern Trust Corp raised its holdings in SEA by 12.6% during 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 buying an additional 329,881 shares during the period. Jennison Associates LLC acquired a new stake in shares of SEA in the 1st quarter valued at approximately $336,521,000. Finally, CoreView Capital Management Ltd boosted its holdings in shares of SEA by 9.8% in the 4th quarter. CoreView Capital Management Ltd now owns 2,191,601 shares of the Internet company based in Singapore's stock valued at $232,529,000 after buying an additional 195,225 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Barclays raised their price target on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Wedbush raised their price target on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a report on Friday, May 9th. Finally, Macquarie reiterated an "outperform" rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $173.49.

SEA Price Performance

Shares of SE traded down $0.43 during trading hours on Friday, hitting $185.82. 1,571,388 shares of the company were exchanged, compared to its average volume of 4,583,054. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a fifty-two week low of $75.67 and a fifty-two week high of $190.75. The company has a market cap of $109.47 billion, a price-to-earnings ratio of 96.24 and a beta of 1.58. The firm's fifty day moving average is $161.49 and its 200 day moving average is $146.09.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. SEA's quarterly revenue was up 38.2% compared to the same quarter last year. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.