Spire Wealth Management Buys 2,221 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Spire Wealth Management raised its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1,850.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,341 shares of the Internet company based in Singapore's stock after purchasing an additional 2,221 shares during the quarter. Spire Wealth Management's holdings in SEA were worth $305,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of SEA during the fourth quarter valued at about $1,493,682,000. Capital Research Global Investors grew its stake in SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after acquiring an additional 1,325,183 shares during the period. FIL Ltd increased its holdings in shares of SEA by 46.9% during the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock valued at $279,158,000 after acquiring an additional 840,550 shares in the last quarter. Trivest Advisors Ltd raised its position in shares of SEA by 1,083.3% during the fourth quarter. Trivest Advisors Ltd now owns 710,000 shares of the Internet company based in Singapore's stock worth $75,331,000 after purchasing an additional 650,000 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of SEA by 32.5% during the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore's stock worth $236,928,000 after purchasing an additional 547,509 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

SE traded down $0.54 during midday trading on Wednesday, reaching $149.96. The company had a trading volume of 1,717,256 shares, compared to its average volume of 4,352,558. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month high of $172.65. The business has a 50-day moving average price of $153.49 and a two-hundred day moving average price of $132.13. The stock has a market cap of $88.35 billion, a PE ratio of 105.82 and a beta of 1.61. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51.

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 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the company posted ($0.04) EPS. SEA's revenue for the quarter was up 29.6% on a year-over-year basis. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SE shares. Loop Capital reiterated a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. UBS Group upped their price target on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Arete Research upgraded SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Jefferies Financial Group lifted their price objective on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Benchmark upped their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $153.17.

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.