Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB has reduced its holdings in Sea Limited Sponsored ADR by 17.3%, now owning 50,321 shares valued at approximately $6.57 million.
• SEA reported earnings of $0.65 per share, missing estimates, while revenues for the quarter reached $4.84 billion, representing a 29.6% year-over-year increase.
• Analyst ratings for SEA are mixed, with an average rating of "Moderate Buy" and a target price of $159.82, following various rating changes from prominent financial institutions.

Skandinaviska Enskilda Banken AB publ decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 17.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 50,321 shares of the Internet company based in Singapore's stock after selling 10,500 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in SEA were worth $6,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in SEA by 114.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,682 shares of the Internet company based in Singapore's stock valued at $1,838,000 after purchasing an additional 9,973 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of SEA by 461.4% in the fourth quarter. American Century Companies Inc. now owns 151,531 shares of the Internet company based in Singapore's stock worth $16,077,000 after buying an additional 124,540 shares during the last quarter. LPL Financial LLC increased its stake in shares of SEA by 11.2% in the 4th quarter. LPL Financial LLC now owns 208,637 shares of the Internet company based in Singapore's stock worth $22,136,000 after purchasing an additional 21,047 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of SEA by 10.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 269,969 shares of the Internet company based in Singapore's stock valued at $28,703,000 after acquiring an additional 24,726 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of SEA by 5.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 170,527 shares of the Internet company based in Singapore's stock valued at $18,093,000 after purchasing an additional 8,277 shares during the period. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of NYSE SE traded up $0.40 during midday trading on Thursday, hitting $159.65. The stock had a trading volume of 1,093,819 shares, compared to its average volume of 4,552,212. The company has a market capitalization of $94.05 billion, a PE ratio of 112.51 and a beta of 1.60. The stock has a 50 day simple moving average of $158.27 and a 200-day simple moving average of $138.55. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year 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.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SE. Barclays lifted their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Loop Capital reaffirmed a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Benchmark boosted their target price on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SEA presently has an average 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.