Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Barings LLC

Key Points

• Barings LLC reduced its stake in Sea Limited by 2.9%, holding 291,272 shares valued at approximately $38 million, making it the company's 14th largest holding.
• Several institutional investors made significant changes to their positions in Sea Limited, with OVERSEA CHINESE BANKING Corp increasing its stake by 2,082.7% during the first quarter.
• Analysts have varied opinions on Sea Limited's stock, with price targets ranging from $150.00 to $200.00, and a consensus rating of "Moderate Buy."

Barings LLC lessened its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,272 shares of the Internet company based in Singapore's stock after selling 8,758 shares during the period. SEA accounts for about 0.9% of Barings LLC's investment portfolio, making the stock its 14th biggest holding. Barings LLC's holdings in SEA were worth $38,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SE. OVERSEA CHINESE BANKING Corp Ltd grew its position in SEA by 2,082.7% in 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 buying an additional 27,448,779 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of SEA by 19.5% in the 4th 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 during the period. Geode Capital Management LLC boosted its holdings in shares of SEA by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 3,201,601 shares of the Internet company based in Singapore's stock valued at $335,084,000 after acquiring an additional 142,080 shares in the last quarter. Northern Trust Corp increased its stake in shares of 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 valued at $312,607,000 after acquiring an additional 329,881 shares during the period. Finally, FIL Ltd increased its stake in shares of 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 valued at $279,158,000 after acquiring an additional 840,550 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SE shares. Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Barclays boosted their price objective on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.82.

SEA Trading Down 1.6%

SEA stock opened at $154.21 on Friday. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market cap of $90.85 billion, a P/E ratio of 108.60 and a beta of 1.58. The company's fifty day simple moving average is $157.91 and its 200-day simple moving average is $139.34.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA Company 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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