Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd reduced its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,638 shares of the Internet company based in Singapore's stock after selling 2,321 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in SEA were worth $5,042,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA increased its holdings in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 204 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in shares of SEA in the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC grew 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 worth $26,000 after acquiring an additional 100 shares during the period. Inlight Wealth Management LLC purchased a new position in SEA in the 1st quarter valued at approximately $28,000. Finally, Fifth Third Bancorp raised its holdings in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after purchasing an additional 195 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SE. Sanford C. Bernstein reiterated 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 target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Wedbush reiterated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. UBS Group lifted their price objective on SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Finally, Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SEA has a consensus rating of "Moderate Buy" and an average price target of $153.17.

SEA Price Performance

SEA stock opened at $149.41 on Thursday. The firm has a fifty day moving average of $154.07 and a 200-day moving average of $132.25. Sea Limited Sponsored ADR has a 52-week low of $55.00 and a 52-week 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 firm has a market capitalization of $88.02 billion, a P/E ratio of 105.22 and a beta of 1.60.

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

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.