Sea Limited Sponsored ADR (NYSE:SE) Shares Purchased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Sea Limited Sponsored ADR by 5.8%, now owning 110,356 shares valued at approximately $14.4 million.
• Sea Limited reported earnings per share of $0.65, missing estimates, while revenue reached $5.26 billion, exceeding analysis expectations.
• Several research firms have given SEA stock ratings ranging from "hold" to "strong buy," with a consensus target price of $172.33.

Resona Asset Management Co. Ltd. boosted its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,356 shares of the Internet company based in Singapore's stock after purchasing an additional 6,034 shares during the period. Resona Asset Management Co. Ltd.'s holdings in SEA were worth $14,403,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new position in SEA in the 1st quarter valued at about $39,000. HighTower Advisors LLC boosted its position in SEA by 9.5% in the 1st quarter. HighTower Advisors LLC now owns 53,664 shares of the Internet company based in Singapore's stock valued at $7,003,000 after buying an additional 4,676 shares during the last quarter. AGF Management Ltd. boosted its position in SEA by 171.3% in the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock valued at $128,252,000 after buying an additional 620,587 shares during the last quarter. Public Sector Pension Investment Board boosted its position in SEA by 7.5% in the 1st quarter. Public Sector Pension Investment Board now owns 182,907 shares of the Internet company based in Singapore's stock valued at $23,868,000 after buying an additional 12,800 shares during the last quarter. Finally, Independent Advisor Alliance boosted its position in SEA by 17.0% in the 1st quarter. Independent Advisor Alliance now owns 12,926 shares of the Internet company based in Singapore's stock valued at $1,687,000 after buying an additional 1,879 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SE. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Bank of America cut shares of 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, Barclays upped their price objective 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. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $172.33.

SEA Stock Performance

Shares of SE stock opened at $174.44 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $181.76. The company's 50-day simple moving average is $156.54 and its 200-day simple moving average is $141.57. The stock has a market capitalization of $102.76 billion, a price-to-earnings ratio of 90.38 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 14.17% and a net margin of 6.23%. SEA's revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.

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