Acadian Asset Management LLC Boosts Stock Holdings in Sea Limited Sponsored ADR $SE

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 lifted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,777,353 shares of the Internet company based in Singapore's stock after purchasing an additional 354,158 shares during the quarter. SEA accounts for approximately 1.8% of Acadian Asset Management LLC's holdings, making the stock its 10th biggest holding. Acadian Asset Management LLC owned approximately 0.81% of SEA worth $623,355,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Smithfield Trust Co bought a new stake in SEA during the first quarter worth about $25,000. Sava Infond d.o.o. bought a new stake in SEA during the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC increased its holdings in 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 valued at $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new position in SEA in the 1st quarter valued at $28,000. Finally, Fifth Third Bancorp boosted its stake in SEA by 464.3% in the first 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. 59.53% of the stock is owned by institutional investors.

SEA Trading Down 2.3%

Shares of NYSE SE traded down $4.55 during midday trading on Monday, reaching $191.50. 1,508,782 shares of the stock were exchanged, compared to its average volume of 4,537,196. Sea Limited Sponsored ADR has a 12 month low of $78.51 and a 12 month high of $199.30. The company has a market capitalization of $112.82 billion, a price-to-earnings ratio of 99.26 and a beta of 1.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The business has a 50-day simple moving average of $169.15 and a two-hundred day simple moving average of $150.77.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.66% and a net margin of 6.23%.The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same period in the previous year, the business posted $0.14 EPS. The business's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SE. Loop Capital reaffirmed a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Macquarie reaffirmed an "outperform" rating and issued a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Barclays increased their price target on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Benchmark raised their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Arete cut SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday, September 3rd. One investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Company 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.