GF Fund Management CO. LTD. Has $10.91 Million Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

GF Fund Management CO. LTD. increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 72.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,574 shares of the Internet company based in Singapore's stock after acquiring an additional 35,089 shares during the period. GF Fund Management CO. LTD.'s holdings in SEA were worth $10,906,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SE. Norges Bank purchased a new stake in SEA in the 4th quarter worth about $1,493,682,000. Capital Research Global Investors increased its position in 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 worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. FIL Ltd increased its position in SEA by 46.9% in the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock worth $279,158,000 after purchasing an additional 840,550 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in 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 worth $103,157,000 after purchasing an additional 693,336 shares during the last quarter. Finally, Trivest Advisors Ltd increased its position in SEA by 1,083.3% in the 4th 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 last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SE has been the topic of several research reports. Loop Capital reaffirmed a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Phillip Securities raised SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Benchmark upped their target price on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

SEA Stock Performance

SE traded down $0.06 during midday trading on Friday, reaching $149.36. The company's stock had a trading volume of 2,289,212 shares, compared to its average volume of 4,350,320. The stock has a market cap of $87.99 billion, a P/E ratio of 105.18 and a beta of 1.60. The company has a fifty day simple moving average of $155.00 and a 200 day simple moving average of $132.72. 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 twelve month low of $55.00 and a twelve month high of $172.65.

SEA (NYSE:SE - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

About SEA

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.