Carrhae Capital LLP Purchases 77,028 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Carrhae Capital LLP raised its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 551,700 shares of the Internet company based in Singapore's stock after buying an additional 77,028 shares during the quarter. SEA comprises about 5.3% of Carrhae Capital LLP's portfolio, making the stock its 5th biggest holding. Carrhae Capital LLP owned approximately 0.10% of SEA worth $71,991,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the period. Norges Bank purchased a new stake in shares of SEA in the fourth quarter valued at about $1,493,682,000. Capital Research Global Investors grew its holdings in shares of SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the period. FIL Ltd boosted its stake 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 buying an additional 840,550 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in SEA by 713.3% during the first 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 buying an additional 693,336 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Benchmark increased their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Barclays increased their target price on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Arete Research raised shares of SEA to a "strong-buy" rating in a research note on Sunday, March 23rd. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.

SEA Stock Up 0.8%

Shares of SE traded up $1.40 during mid-day trading on Friday, hitting $168.48. 4,355,109 shares of the company's stock were exchanged, compared to its average volume of 4,382,101. The company has a market cap of $99.25 billion, a price-to-earnings ratio of 118.65 and a beta of 1.60. Sea Limited Sponsored ADR has a fifty-two week low of $55.00 and a fifty-two week high of $172.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The stock's 50-day moving average is $157.75 and its 200-day moving average is $135.46.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share 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 analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm's revenue was up 29.6% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal 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.