Sea Limited Sponsored ADR (NYSE:SE) Stake Raised by Alberta Investment Management Corp

Key Points

• Alberta Investment Management Corp increased its stake in Sea Limited by 139.2%, acquiring an additional 57,073 shares, raising its holdings to 98,073 shares valued at approximately $12.8 million.
• The company recently reported quarterly earnings with an EPS of $0.65, missing estimates by $0.28, while revenue increased 29.6% year-over-year, totaling $4.84 billion.
• Analysts have given mixed ratings on SEA stock, with eight analysts rating it as a buy while others have downgraded it, resulting in an average target price of $159.82.

Alberta Investment Management Corp increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 139.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,073 shares of the Internet company based in Singapore's stock after acquiring an additional 57,073 shares during the period. Alberta Investment Management Corp's holdings in SEA were worth $12,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sava Infond d.o.o. purchased a new stake in shares of SEA during the 1st quarter worth about $26,000. Tradewinds Capital Management LLC raised its stake in shares of SEA by 100.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of SEA during the 1st quarter worth about $28,000. Fifth Third Bancorp raised its stake in shares of SEA by 464.3% during the 1st 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 in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in shares of SEA in the 1st quarter valued at approximately $34,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research note on Friday, May 9th. Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Benchmark raised 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 analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $159.82.

SEA Stock Performance

Shares of NYSE SE opened at $154.21 on Friday. 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 business's 50 day moving average is $157.91 and its two-hundred day moving average is $139.34. The company has a market cap of $90.85 billion, a P/E ratio of 108.60 and a beta of 1.58. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65.

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

SEA 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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