Connor Clark & Lunn Investment Management Ltd. Has $84.53 Million Stock Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sea Limited by 17.1%, now owning 647,821 shares valued at approximately $84.5 million.
• The company reported a quarterly loss of $0.65 per share, missing analyst expectations, despite achieving a revenue of $4.84 billion, which is up by 29.6% year-over-year.
• Sea Limited has a consensus rating of "Moderate Buy" from analysts, with an average target price of $159.82 after several updates on ratings and price objectives.

Connor Clark & Lunn Investment Management Ltd. grew its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 17.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 647,821 shares of the Internet company based in Singapore's stock after acquiring an additional 94,681 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of SEA worth $84,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SE. Smithfield Trust Co acquired a new position in shares of SEA in the first quarter worth about $25,000. Sava Infond d.o.o. bought a new position in shares of SEA during the first quarter valued at approximately $26,000. 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 valued at $26,000 after purchasing an additional 100 shares during the last quarter. Inlight Wealth Management LLC bought a new position in SEA in the 1st quarter worth approximately $28,000. Finally, Fifth Third Bancorp boosted its stake in SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays increased their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Benchmark increased their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Loop Capital reaffirmed a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

SEA Stock Performance

Shares of NYSE:SE traded down $1.37 on Monday, reaching $146.24. 6,993,571 shares of the company's stock were exchanged, compared to its average volume of 4,157,621. The company has a fifty day moving average of $156.26 and a 200-day moving average of $141.12. Sea Limited Sponsored ADR has a twelve month low of $65.15 and a twelve month high of $172.65. The company has a market capitalization of $86.15 billion, a price-to-earnings ratio of 102.99 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.

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). The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The business's revenue was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. On average, research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS 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.