BIT Capital GmbH Reduces Stock Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• BIT Capital GmbH decreased its stake in Sea Limited by 41.4%, owning 5,195 shares worth approximately $678,000 after selling 3,672 shares during the first quarter.
• Sea Limited's recent quarterly earnings showed EPS of $0.65, falling short of the consensus estimate of $0.93, while revenues reached $4.84 billion, missing expectations of $4.90 billion.
• Analysts have mixed views on Sea Limited, with Barclays raising their price target to $200.00 and Bank of America lowering it to $160.00, leading to an average rating of "Moderate Buy" with a consensus price target of $159.82.

BIT Capital GmbH reduced its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 41.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,195 shares of the Internet company based in Singapore's stock after selling 3,672 shares during the period. BIT Capital GmbH's holdings in SEA were worth $678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of SEA by 8.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after buying an additional 279 shares in the last quarter. Brucke Financial Inc. acquired a new stake in shares of SEA in the 4th quarter valued at approximately $211,000. Sowell Financial Services LLC purchased a new stake in shares of SEA during the 1st quarter worth $216,000. Finally, Assenagon Asset Management S.A. boosted its holdings in SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after buying an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Up 0.4%

SE traded up $0.65 during trading on Thursday, reaching $148.19. 1,671,179 shares of the stock traded hands, compared to its average volume of 4,534,274. The stock has a market capitalization of $87.30 billion, a PE ratio of 104.32 and a beta of 1.58. Sea Limited Sponsored ADR has a 12 month low of $61.06 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's 50-day moving average is $157.13 and its 200 day moving average is $140.16.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) 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 business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The firm's quarterly revenue was up 29.6% compared to the same quarter last year. Equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SE. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush restated an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Loop Capital reissued a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Benchmark lifted their price objective on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.82.

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.