Sea Limited Sponsored ADR (NYSE:SE) Shares Bought by Allianz SE

Allianz SE raised its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,510 shares of the Internet company based in Singapore's stock after acquiring an additional 2,700 shares during the period. Allianz SE's holdings in SEA were worth $3,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in SEA by 5.2% during the fourth quarter. Alliancebernstein L.P. now owns 94,826 shares of the Internet company based in Singapore's stock worth $10,061,000 after acquiring an additional 4,713 shares during the period. Huntington National Bank boosted its position in shares of SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore's stock worth $52,000 after purchasing an additional 431 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in shares of SEA during the 4th quarter worth $2,332,000. Atlas Capital Advisors Inc. purchased a new position in shares of SEA in the 4th quarter valued at about $138,000. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of SEA in the 4th quarter valued at about $11,102,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

SE has been the topic of several recent analyst reports. Bank of America lowered shares of 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. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Benchmark upped their target price on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Four 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $159.82.

SEA Stock Performance

Shares of NYSE SE opened at $154.21 on Monday. The company has a 50-day simple moving average of $157.91 and a 200-day simple moving average of $139.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The company 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 12 month low of $55.00 and a 12 month high of $172.65.

SEA (NYSE:SE - Get Free Report) last announced 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). The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. On average, equities analysts anticipate 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.

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