Matthews International Capital Management LLC Acquires 18,255 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Matthews International Capital Management LLC grew its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 420,254 shares of the Internet company based in Singapore's stock after acquiring an additional 18,255 shares during the period. SEA comprises 11.3% of Matthews International Capital Management LLC's portfolio, making the stock its 2nd largest holding. Matthews International Capital Management LLC owned 0.07% of SEA worth $54,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SE. Private Trust Co. NA boosted its holdings in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of SEA in the fourth quarter valued at approximately $34,000. Farther Finance Advisors LLC grew its holdings in SEA by 43.8% during the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after acquiring an additional 112 shares during the period. Finally, Banque Transatlantique SA purchased a new position in SEA in the fourth quarter worth $39,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on SE shares. UBS Group boosted their target price on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Sanford C. Bernstein reiterated an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Finally, Barclays upped their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average price target of $147.15.

SEA Price Performance

Shares of NYSE SE traded down $1.34 during trading on Thursday, reaching $155.93. The company had a trading volume of 2,757,956 shares, compared to its average volume of 4,444,160. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $91.86 billion, a PE ratio of 109.81 and a beta of 1.64. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The stock has a 50-day moving average price of $146.73 and a two-hundred day moving average price of $129.49.

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

SEA 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.