Allspring Global Investments Holdings LLC cut its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 13.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 569,582 shares of the Internet company based in Singapore's stock after selling 85,838 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of SEA worth $75,447,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of SEA by 474.4% during the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 204 shares during the last quarter. Sava Infond d.o.o. acquired a new stake in shares of SEA during the 1st quarter worth $26,000. Inlight Wealth Management LLC acquired a new stake in shares of SEA during the 1st quarter worth $28,000. Fifth Third Bancorp increased its holdings in shares of SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.
SEA Stock Performance
NYSE:SE opened at $159.38 on Friday. 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 firm has a 50-day moving average of $151.97 and a two-hundred day moving average of $131.60. The stock has a market cap of $93.89 billion, a P/E ratio of 112.24 and a beta of 1.64. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65.
SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. 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 company earned ($0.04) earnings per share. The business's quarterly revenue was up 29.6% on a year-over-year basis. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
SE has been the subject of a number of research analyst reports. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Arete Research upgraded SEA to a "strong-buy" rating in a report on Sunday, March 23rd. Barclays increased their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Jefferies Financial Group increased their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.17.
Check Out Our Latest Report on SEA
About SEA
(
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.
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Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).
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