University of Texas Texas AM Investment Management Co. Boosts Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• University of Texas Texas AM Investment Management Co. increased its stake in Sea Limited by 64.5%, now owning 24,137 shares worth approximately $3.15 million.
• Despite a year-over-year revenue growth of 29.6%, Sea Limited reported earnings per share of $0.65 for the last quarter, which missed analysts' expectations of $0.93.
• The stock currently has a market capitalization of $92.92 billion and an average price target of $159.82 from analysts.

University of Texas Texas AM Investment Management Co. increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 64.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,137 shares of the Internet company based in Singapore's stock after purchasing an additional 9,463 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in SEA were worth $3,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of 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 valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Capital Research Global Investors boosted its stake 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 in the last quarter. Geode Capital Management LLC boosted its stake in SEA by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock worth $335,084,000 after acquiring an additional 142,080 shares in the last quarter. Northern Trust Corp boosted its stake in SEA by 12.6% during the fourth quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after acquiring an additional 329,881 shares in the last quarter. Finally, 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 acquiring an additional 840,550 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SE shares. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Benchmark upped 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. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

SEA Price Performance

Shares of NYSE:SE traded down $0.28 during midday trading on Tuesday, reaching $160.47. 2,030,521 shares of the company were exchanged, compared to its average volume of 4,583,563. 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 business's fifty day moving average is $158.31 and its two-hundred day moving average is $138.40. 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 $94.53 billion, a PE ratio of 113.00 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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). SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same period in the previous year, the firm earned ($0.04) EPS. The firm's quarterly revenue was up 29.6% on a year-over-year basis. As a group, analysts predict 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.