Sea Limited Sponsored ADR (NYSE:SE) Holdings Trimmed by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP significantly reduced its stake in Sea Limited, decreasing holdings by 60.4% during the first quarter, leaving them with 6,259 shares valued at approximately $817,000.
• Despite recent challenges, Sea Limited reported a 29.6% increase in revenue year-over-year, totaling $4.84 billion, although it fell short of analyst estimates.
• Analysts have a consensus rating of "Moderate Buy" on Sea Limited, with an average price target of $159.82, reflecting mixed sentiment among research firms.

GSA Capital Partners LLP trimmed its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 60.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,259 shares of the Internet company based in Singapore's stock after selling 9,541 shares during the period. GSA Capital Partners LLP's holdings in SEA were worth $817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Cambridge Investment Research Advisors Inc. grew its holdings in shares of SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after acquiring an additional 5,153 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of SEA by 8.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after acquiring an additional 279 shares in the last quarter. Brucke Financial Inc. purchased a new position in shares of SEA during the 4th quarter valued at $211,000. Sowell Financial Services LLC purchased a new position in shares of SEA during the 1st quarter valued at $216,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of SEA by 10.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after acquiring an additional 476 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Down 1.6%

SEA stock opened at $154.21 on Friday. The firm has a market cap of $90.85 billion, a price-to-earnings ratio of 108.60 and a beta of 1.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The firm has a fifty day moving average price of $157.91 and a two-hundred day moving average price of $139.34.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

SE has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.82.

About SEA

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.

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.