WCM Investment Management LLC trimmed its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,144,668 shares of the Internet company based in Singapore's stock after selling 518,999 shares during the period. SEA makes up 8.4% of WCM Investment Management LLC's portfolio, making the stock its biggest holding. WCM Investment Management LLC owned approximately 4.39% of SEA worth $3,285,654,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Trust Co. NA boosted its holdings in SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 204 shares during the period. Sava Infond d.o.o. acquired a new position in shares of SEA during the first quarter valued at about $26,000. Tradewinds Capital Management LLC lifted its stake in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after buying an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new stake in SEA during the first quarter worth about $28,000. Finally, Fifth Third Bancorp increased its stake 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 valued at $31,000 after acquiring an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently weighed in on SE. Loop Capital reissued a "buy" rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Phillip Securities raised shares of SEA from a "moderate sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, Jefferies Financial Group boosted their price target on SEA from $131.00 to $157.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $153.17.
Read Our Latest Research Report on SE
SEA Price Performance
Shares of SEA stock traded down $1.09 during midday trading on Wednesday, reaching $149.41. The company had a trading volume of 3,446,430 shares, compared to its average volume of 4,359,082. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $153.49 and a 200 day simple moving average of $132.13. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The company has a market capitalization of $88.02 billion, a price-to-earnings ratio of 105.22 and a beta of 1.61.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). 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 the consensus estimate of $4.90 billion. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The firm's quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.
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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