Sea Limited Sponsored ADR (NYSE:SE) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sea Limited by 8.5%, owning a total of 292,847 shares, valued at approximately $38.2 million.
• Sea Limited reported a net margin of 4.87% and a 29.6% year-over-year increase in revenue despite missing quarterly earnings estimates.
• Several analysts have recently raised their target prices for Sea Limited, with Barclays setting a new price target of $200.00 and JPMorgan Chase upgrading its rating to "overweight."

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 8.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,847 shares of the Internet company based in Singapore's stock after acquiring an additional 22,878 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in SEA were worth $38,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SE. Smithfield Trust Co acquired a new position in SEA during the 1st quarter valued at approximately $25,000. Sava Infond d.o.o. acquired a new stake in SEA during the first quarter valued at $26,000. Tradewinds Capital Management LLC grew its position in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of SEA in the first quarter valued at about $28,000. Finally, Fifth Third Bancorp grew its position in shares of SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Macquarie reiterated an "outperform" rating and issued a $219.90 target price (up previously from $178.20) on shares of SEA in a research report on Tuesday. Barclays lifted their target price on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating, nine have assigned 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 price target of $166.91.

SEA Stock Up 1.8%

Shares of SEA stock traded up $3.17 during trading hours on Wednesday, hitting $177.29. The company had a trading volume of 2,273,608 shares, compared to its average volume of 4,640,296. The company's 50-day moving average is $156.41 and its two-hundred day moving average is $141.34. Sea Limited Sponsored ADR has a twelve month low of $75.67 and a twelve month high of $181.76. 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 $104.44 billion, a P/E ratio of 124.70 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the company posted $0.14 EPS. The company's quarterly revenue was up 38.2% on a year-over-year basis. 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.