Penserra Capital Management LLC lifted its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,736 shares of the Internet company based in Singapore's stock after purchasing an additional 2,482 shares during the quarter. Penserra Capital Management LLC's holdings in SEA were worth $21,104,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in shares of SEA in the 1st quarter worth $235,000. Catalyst Capital Advisors LLC purchased a new stake in shares of SEA in the first quarter valued at about $3,031,000. IFM Investors Pty Ltd grew its holdings in shares of SEA by 10.6% in the first quarter. IFM Investors Pty Ltd now owns 71,778 shares of the Internet company based in Singapore's stock valued at $9,366,000 after purchasing an additional 6,906 shares during the period. GF Fund Management CO. LTD. increased its position in SEA by 72.4% during the first quarter. GF Fund Management CO. LTD. now owns 83,574 shares of the Internet company based in Singapore's stock worth $10,906,000 after purchasing an additional 35,089 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in SEA by 16.8% during the first quarter. OneDigital Investment Advisors LLC now owns 15,939 shares of the Internet company based in Singapore's stock worth $2,080,000 after purchasing an additional 2,293 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.
Analyst Ratings Changes
SE has been the subject of several analyst reports. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Barclays raised their target price on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Benchmark lifted their target price on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Arete Research raised SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.
Get Our Latest Research Report on SE
SEA Trading Down 0.0%
SE opened at $149.36 on Friday. Sea Limited Sponsored ADR has a 52 week low of $55.00 and a 52 week high of $172.65. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $155.00 and a 200-day simple moving average of $132.87. The firm has a market cap of $87.99 billion, a P/E ratio of 105.18 and a beta of 1.60.
SEA (NYSE:SE - Get Free Report) last announced 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). The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.04) earnings per share. On average, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.
SEA Company Profile
(
Free Report)
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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