Sea Limited Sponsored ADR (NYSE:SE) is Long Corridor Asset Management Ltd's 9th Largest Position

Key Points

• Long Corridor Asset Management Ltd has reduced its stake in Sea Limited Sponsored ADR by 20%, now holding 40,000 shares, making it the fund's 9th largest position.
• Sea Limited reported a quarterly EPS of $0.65, missing the consensus estimate of $1.03, despite a 38.2% increase in revenue year-over-year.
• Wall Street analysts have mixed views on SEA, with a consensus rating of "Moderate Buy" and a target price averaging $164.83.

Long Corridor Asset Management Ltd decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 20.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the Internet company based in Singapore's stock after selling 10,000 shares during the quarter. SEA comprises about 3.9% of Long Corridor Asset Management Ltd's holdings, making the stock its 9th largest position. Long Corridor Asset Management Ltd's holdings in SEA were worth $5,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd raised its holdings 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 valued at $3,753,769,000 after buying an additional 27,448,779 shares during the period. Jennison Associates LLC purchased a new stake in shares of SEA during the first quarter valued at approximately $336,521,000. Capital Research Global Investors lifted its position in shares of SEA by 19.5% during the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares in the last quarter. Nuveen LLC acquired a new position in shares of SEA during the first quarter worth $162,796,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SEA by 713.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock valued at $103,157,000 after purchasing an additional 693,336 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Up 18.7%

Shares of SE opened at $173.56 on Wednesday. The business's 50 day simple moving average is $156.41 and its 200-day simple moving average is $141.34. Sea Limited Sponsored ADR has a one year low of $70.00 and a one year high of $178.00. The company has a market capitalization of $102.25 billion, a P/E ratio of 122.23 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 (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period in the prior year, the firm posted $0.14 EPS. SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Loop Capital reissued a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Macquarie upped their price target on shares of SEA from $178.20 to $219.90 and gave the company an "outperform" rating in a report on Tuesday. Finally, Barclays increased their price objective on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $164.83.

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.

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.