Sea Limited Sponsored ADR (NYSE:SE) Shares Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC grew its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 58.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,196 shares of the Internet company based in Singapore's stock after purchasing an additional 1,549 shares during the quarter. Diversify Advisory Services LLC's holdings in SEA were worth $562,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after buying an additional 5,153 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after acquiring an additional 279 shares during the period. Brucke Financial Inc. acquired a new stake in SEA during the fourth quarter worth about $211,000. Sowell Financial Services LLC acquired a new stake in SEA during the first quarter worth about $216,000. Finally, Assenagon Asset Management S.A. raised its stake in SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after acquiring an additional 476 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Up 0.8%

SEA stock opened at $168.48 on Friday. The company has a market capitalization of $99.25 billion, a P/E ratio of 118.65 and a beta of 1.60. The firm's fifty day simple moving average is $158.33 and its 200-day simple moving average is $136.09. 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 1-year low of $55.00 and a 1-year high of $172.65.

SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business's quarterly revenue was up 29.6% compared to the same quarter last year. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the topic of several analyst reports. Barclays raised their price target 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. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Arete Research upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Benchmark increased their price objective on shares of SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Wedbush reiterated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Four 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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