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

Key Points

• OVERSEA CHINESE BANKING Corp Ltd has increased its stake in Sea Limited Sponsored ADR by 0.1% during the first quarter, now holding 1.32 million shares valued at approximately $172.13 million.
• Sea Limited reported an earnings miss for the latest quarter, with an EPS of $0.65 against expectations of $0.93, while revenue rose 29.6% year-over-year but fell short of analyst estimates.
• Several institutional investors have significantly increased their positions in Sea Limited, with Jennison Associates LLC acquiring a new stake valued at approximately $336.52 million during the same period.

OVERSEA CHINESE BANKING Corp Ltd increased its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,319,888 shares of the Internet company based in Singapore's stock after acquiring an additional 1,949 shares during the period. SEA makes up about 4.7% of OVERSEA CHINESE BANKING Corp Ltd's holdings, making the stock its 3rd largest holding. OVERSEA CHINESE BANKING Corp Ltd owned about 0.22% of SEA worth $172,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SE. Jennison Associates LLC acquired a new position in SEA in the first quarter valued at approximately $336,521,000. Capital Research Global Investors grew its position in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. FIL Ltd increased its position in SEA by 46.9% in the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock valued at $279,158,000 after acquiring an additional 840,550 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SEA by 713.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after purchasing an additional 693,336 shares during the last quarter. Finally, Fred Alger Management LLC raised its position in SEA by 100.3% during the 4th quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock worth $112,135,000 after buying an additional 529,237 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Price Performance

SE opened at $154.21 on Friday. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. 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 firm has a market cap of $90.85 billion, a price-to-earnings ratio of 108.60 and a beta of 1.58. The company has a fifty day simple moving average of $157.91 and a 200 day simple moving average of $139.34.

SEA (NYSE:SE - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.04) earnings per share. Equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SE shares. 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. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Benchmark lifted their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Wedbush reissued an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.82.

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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