AGF Management Ltd. Increases Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• AGF Management Ltd. has increased its stake in Sea Limited by 171.3%, now owning 982,853 shares valued at $128.25 million, highlighting strong institutional interest in the company.
• Several analysts have adjusted their ratings and price targets for Sea Limited, with JPMorgan Chase & Co. raising its target from $135 to $190 and Bank of America lowering its rating to "neutral" with a $160 target.
• Sea Limited reported a net revenue of $4.84 billion for the last quarter, which missed expectations, although revenue grew by 29.6% compared to the previous year.

AGF Management Ltd. grew its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 171.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 982,853 shares of the Internet company based in Singapore's stock after buying an additional 620,587 shares during the quarter. AGF Management Ltd. owned 0.17% of SEA worth $128,252,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in 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 in the last quarter. Jennison Associates LLC bought a new stake in shares of SEA in the 1st quarter valued at about $336,521,000. Capital Research Global Investors raised its holdings in shares of SEA by 19.5% in the 4th 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 purchasing an additional 1,325,183 shares in the last quarter. Nuveen LLC bought a new stake in shares of SEA in the 1st quarter valued at about $162,796,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of SEA by 713.3% in the 1st 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 in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of SE stock traded up $0.32 during trading hours on Wednesday, hitting $174.44. The company's stock had a trading volume of 7,749,298 shares, compared to its average volume of 5,048,283. The company has a 50 day moving average of $156.54 and a 200 day moving average of $141.57. The stock has a market cap of $102.76 billion, a PE ratio of 90.38 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $181.76.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). The business had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 14.17%. The firm's revenue was up 38.2% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SE. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays boosted their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a report on Friday, May 9th. Finally, Macquarie boosted 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. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.33.

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.