Ninety One North America Inc. Boosts Stake in Sea Limited Sponsored ADR (NYSE:SE)

Ninety One North America Inc. increased its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 25.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 359,659 shares of the Internet company based in Singapore's stock after acquiring an additional 71,946 shares during the quarter. SEA comprises approximately 3.2% of Ninety One North America Inc.'s investment portfolio, making the stock its 10th biggest holding. Ninety One North America Inc. owned about 0.06% of SEA worth $46,932,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SE. Callan Capital LLC acquired a new stake in shares of SEA in the 1st quarter valued at about $236,000. TD Private Client Wealth LLC boosted its holdings in SEA by 67.6% during the first quarter. TD Private Client Wealth LLC now owns 1,679 shares of the Internet company based in Singapore's stock worth $219,000 after purchasing an additional 677 shares during the last quarter. Capital Advisors Inc. OK grew its position in SEA by 4.2% in the first quarter. Capital Advisors Inc. OK now owns 267,546 shares of the Internet company based in Singapore's stock valued at $34,912,000 after purchasing an additional 10,824 shares in the last quarter. Penserra Capital Management LLC grew its position in SEA by 1.6% in the first quarter. Penserra Capital Management LLC now owns 161,736 shares of the Internet company based in Singapore's stock valued at $21,104,000 after purchasing an additional 2,482 shares in the last quarter. Finally, Cloud Capital Management LLC bought a new stake in SEA during the 1st quarter worth about $235,000. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

Shares of NYSE SE traded down $2.08 during midday trading on Tuesday, reaching $149.03. 3,727,412 shares of the company were exchanged, compared to its average volume of 4,342,907. The stock's 50-day moving average price is $155.71 and its 200-day moving average price is $133.41. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The stock has a market cap of $87.80 billion, a P/E ratio of 104.95 and a beta of 1.60. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE - Get Free Report) last released 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). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned ($0.04) EPS. The company's revenue for the quarter was up 29.6% on a year-over-year basis. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Arete Research upgraded shares of SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Wedbush reissued an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Benchmark increased their price target on shares of 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. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SEA currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.

SEA 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.