Sea Limited Sponsored ADR $SE Shares Sold by Arohi Asset Management PTE Ltd.

Key Points

• Arohi Asset Management PTE Ltd. holds a significant position in Sea Limited Sponsored ADR, representing approximately 61.8% of the fund's total holdings, despite a 24.2% reduction in shares during the first quarter.
• Various institutional investors have made recent changes to their positions in SEA, including First Trust Advisors LP, which increased its stake by 9.6%, now holding shares valued at $3.3 million.
• Wall Street analysts forecast positive growth for SEA, with multiple ratings including an "overweight" from JPMorgan Chase & Co., raising the target price to $190.00, reflecting strong investor confidence.

Arohi Asset Management PTE Ltd. reduced its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,411,594 shares of the Internet company based in Singapore's stock after selling 450,164 shares during the quarter. SEA accounts for 61.8% of Arohi Asset Management PTE Ltd.'s portfolio, making the stock its largest position. Arohi Asset Management PTE Ltd. owned approximately 0.24% of SEA worth $184,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co bought a new stake in SEA in the 1st quarter valued at $25,000. Sava Infond d.o.o. acquired a new stake in SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC increased its stake in SEA by 100.0% in 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 buying an additional 100 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in SEA in the 1st quarter valued at $28,000. Finally, Fifth Third Bancorp increased its stake in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Performance

Shares of SEA stock traded up $0.91 during trading on Wednesday, hitting $179.69. 1,348,682 shares of the stock were exchanged, compared to its average volume of 4,589,681. Sea Limited Sponsored ADR has a 1-year low of $75.67 and a 1-year high of $190.75. The stock has a market capitalization of $105.86 billion, a price-to-earnings ratio of 93.12 and a beta of 1.53. The company has a fifty day moving average price of $163.17 and a 200-day moving average price of $147.26. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $5 billion. During the same quarter last year, the company posted $0.14 EPS. The firm's quarterly revenue was up 38.2% on a year-over-year basis. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SE shares. Loop Capital reiterated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target on the stock. in a research note on Wednesday. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of SEA in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $173.99.

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.