Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Sea Limited by 27.1%, selling 7,872 shares in the first quarter, bringing its total holdings to 21,215 shares.
• Sea Limited reported $0.65 earnings per share for its last quarter, missing analysts' estimates of $1.03, despite achieving a 38.2% increase in revenue year-over-year.
• Equities analysts have set a new price target for Sea Limited, with Macquarie raising their target to $219.90, while the average target stands at $172.33.

Gulf International Bank UK Ltd lessened its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 27.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,215 shares of the Internet company based in Singapore's stock after selling 7,872 shares during the period. Gulf International Bank UK Ltd's holdings in SEA were worth $2,768,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Smithfield Trust Co purchased a new position in shares of SEA in the 1st quarter valued at about $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA in the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC increased its holdings in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of SEA in the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp increased its holdings in shares of SEA by 464.3% in 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 in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

SE stock opened at $174.44 on Thursday. The company has a market capitalization of $102.76 billion, a P/E ratio of 90.38 and a beta of 1.58. The company has a 50-day simple moving average of $156.54 and a 200 day simple moving average of $141.57. Sea Limited Sponsored ADR has a fifty-two week low of $75.67 and a fifty-two week high of $181.76. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Macquarie reiterated an "outperform" rating and issued a $219.90 price target (up previously from $178.20) on shares of SEA in a report on Tuesday. Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 target price 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 target price for the company. in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and raised their target price for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average price target of $172.33.

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.

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