PNC Financial Services Group Inc. raised its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,466 shares of the Internet company based in Singapore's stock after purchasing an additional 2,765 shares during the quarter. PNC Financial Services Group Inc.'s holdings in SEA were worth $5,280,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in SE. Sava Infond d.o.o. acquired a new stake in shares of SEA in the first quarter valued at about $26,000. Tradewinds Capital Management LLC boosted its holdings in 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 acquiring an additional 100 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in SEA during the 1st quarter valued at approximately $28,000. Fifth Third Bancorp increased its position in SEA by 464.3% during the 1st 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. Finally, Cullen Frost Bankers Inc. bought a new position in SEA during the 1st quarter worth approximately $34,000. 59.53% of the stock is owned by institutional investors and hedge funds.
SEA Stock Down 0.7%
Shares of SE stock traded down $1.11 on Friday, reaching $147.75. 3,845,296 shares of the company were exchanged, compared to its average volume of 4,544,364. 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 50-day moving average of $156.89 and a 200-day moving average of $140.39. The company has a market cap of $87.04 billion, a price-to-earnings ratio of 104.05 and a beta of 1.58. Sea Limited Sponsored ADR has a one year low of $62.40 and a one year high of $172.65.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. Analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. Finally, Benchmark upped their target price on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and an average target price of $159.82.
Check Out Our Latest Report on SE
SEA Profile
(
Free Report)
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.
See Also
Before you consider SEA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEA wasn't on the list.
While SEA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
