Sea Limited Sponsored ADR (NYSE:SE) Stock Position Increased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2,082.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,766,718 shares of the Internet company based in Singapore's stock after purchasing an additional 27,448,779 shares during the period. SEA accounts for 17.6% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its biggest position. OVERSEA CHINESE BANKING Corp Ltd owned about 5.03% of SEA worth $3,753,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its holdings in SEA by 12.8% during the first quarter. SBI Securities Co. Ltd. now owns 5,968 shares of the Internet company based in Singapore's stock valued at $779,000 after purchasing an additional 675 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of SEA by 2.8% in the first quarter. Apollon Wealth Management LLC now owns 35,454 shares of the Internet company based in Singapore's stock worth $4,626,000 after buying an additional 953 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of SEA in the first quarter worth about $824,000. Signaturefd LLC lifted its stake in shares of SEA by 6.6% in the first quarter. Signaturefd LLC now owns 8,246 shares of the Internet company based in Singapore's stock worth $1,076,000 after buying an additional 511 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of SEA in the first quarter worth about $425,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of SE opened at $148.16 on Monday. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The stock has a market cap of $87.28 billion, a PE ratio of 104.34 and a beta of 1.60. The firm has a 50-day simple moving average of $156.46 and a two-hundred day simple moving average of $134.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49.

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 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 company 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. SEA's revenue was up 29.6% on a year-over-year basis. As a group, analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Wedbush restated an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $153.17.

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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