Sea Limited Sponsored ADR (NYSE:SE) Shares Acquired by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. increased its stake in Sea Limited by 9.4%, acquiring a total of 347,704 shares valued at $45.37 million.
• Hedge funds now own 59.53% of Sea Limited's stock, with other significant stake increases reported from OVERSEA CHINESE BANKING Corp and Mirae Asset Global Investments.
• Sea Limited reported a quarterly earnings miss with EPS of $0.65, falling short of the $0.93 estimates, and a revenue of $4.84 billion, slightly below expectations.

Jupiter Asset Management Ltd. increased its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 347,704 shares of the Internet company based in Singapore's stock after purchasing an additional 29,811 shares during the period. Jupiter Asset Management Ltd. owned 0.06% of SEA worth $45,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd boosted its stake 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 worth $3,753,769,000 after purchasing an additional 27,448,779 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of SEA in the first quarter worth about $336,521,000. Capital Research Global Investors boosted its position in SEA by 19.5% during the fourth 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 acquiring an additional 1,325,183 shares during the last quarter. FIL Ltd boosted its position in 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 worth $279,158,000 after acquiring an additional 840,550 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in SEA by 713.3% during 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 acquiring an additional 693,336 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

NYSE SE opened at $154.21 on Friday. The stock has a fifty day simple moving average of $157.91 and a 200-day simple moving average of $139.34. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a market cap of $90.85 billion, a PE ratio of 108.60 and a beta of 1.58. 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 posted its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 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 company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the company earned ($0.04) EPS. The company's quarterly revenue was up 29.6% compared to the same quarter last year. Equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

SE has been the topic of a number of research reports. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Barclays lifted their price objective on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Finally, Benchmark lifted their price target on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.82.

SEA Company 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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