Sea Limited Sponsored ADR $SE Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Sea Limited Sponsored ADR ($SE) by 8.0% during the first quarter, making it the firm's 10th largest position with a total of approximately $623.4 million.
• Analysts have recently adjusted their price targets for Sea Limited, with Barclays raising their target to $214.00 and Benchmark to $205.00, reflecting a positive outlook for the company's stock.
• Sea Limited reported $5.26 billion in revenue for the last quarter, surpassing analyst estimates and marking a 38.2% year-over-year revenue growth, despite an earnings per share miss.

Acadian Asset Management LLC raised its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,777,353 shares of the Internet company based in Singapore's stock after acquiring an additional 354,158 shares during the period. SEA comprises about 1.8% of Acadian Asset Management LLC's investment portfolio, making the stock its 10th largest holding. Acadian Asset Management LLC owned about 0.81% of SEA worth $623,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd grew its stake in SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC acquired a new position in SEA in the first quarter valued at about $336,521,000. Fred Alger Management LLC grew its stake in SEA by 144.6% in the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after acquiring an additional 1,528,301 shares during the period. Scge Management L.P. boosted its position in shares of SEA by 137.6% during the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock worth $281,858,000 after buying an additional 1,251,000 shares during the period. Finally, Nuveen LLC acquired a new position in shares of SEA during the first quarter worth about $162,796,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 0.1%

NYSE SE traded down $0.24 during trading hours on Friday, hitting $196.26. 3,048,989 shares of the company traded hands, compared to its average volume of 3,519,849. The business's 50-day moving average is $169.15 and its 200-day moving average is $150.45. Sea Limited Sponsored ADR has a twelve month low of $78.51 and a twelve month high of $199.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market capitalization of $115.62 billion, a price-to-earnings ratio of 101.69 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same period last year, the company posted $0.14 earnings per share. The business's revenue for the quarter was up 38.2% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SE. Barclays upped their price objective on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Macquarie reaffirmed an "outperform" rating and set a $219.90 price objective (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Benchmark upped their price objective on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Wedbush upped their price objective on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $176.85.

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.