Perpetual Ltd Has $264.83 Million Stock Position in Sea Limited Sponsored ADR (NYSE:SE)

Perpetual Ltd decreased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,029,519 shares of the Internet company based in Singapore's stock after selling 68,484 shares during the period. SEA makes up about 3.2% of Perpetual Ltd's holdings, making the stock its 2nd biggest holding. Perpetual Ltd owned approximately 0.35% of SEA worth $264,832,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SE. Sava Infond d.o.o. purchased a new stake in shares of SEA during the first quarter valued at approximately $26,000. Inlight Wealth Management LLC bought a new stake in SEA during the 1st quarter valued at $28,000. Fifth Third Bancorp raised its holdings 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 buying an additional 195 shares during the last quarter. Private Trust Co. NA boosted its position in SEA by 474.4% during 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 buying an additional 204 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in SEA by 43.8% in the 4th 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 last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Up 0.5%

Shares of NYSE SE traded up $0.87 during trading on Friday, reaching $159.38. The company had a trading volume of 4,606,544 shares, compared to its average volume of 4,403,144. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month 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. The business's 50-day moving average is $151.20 and its 200 day moving average is $131.17. The stock has a market cap of $93.89 billion, a PE ratio of 112.24 and a beta of 1.64.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 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 analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the company posted ($0.04) earnings per share. As a group, equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Loop Capital reaffirmed a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Benchmark upped their target price on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.15.

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.