Eminence Capital LP Cuts Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Eminence Capital LP has reduced its stake in Sea Limited Sponsored ADR by 37.4%, making it the largest position in their portfolio with 2,536,210 shares now owned.
• Several hedge funds significantly increased their stakes in SEA, with OVERSEA CHINESE BANKING Corp Ltd boosting its ownership by 2,082.7% to nearly 28.8 million shares.
• SEA reported earnings of $0.65 per share, missing estimates, but revenue was up 38.2% year-on-year to $5.26 billion, exceeding analysts' expectations.

Eminence Capital LP lowered its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 37.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,536,210 shares of the Internet company based in Singapore's stock after selling 1,513,853 shares during the quarter. SEA accounts for approximately 5.5% of Eminence Capital LP's investment portfolio, making the stock its largest position. Eminence Capital LP owned approximately 0.43% of SEA worth $330,950,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smithfield Trust Co acquired a new position in shares of SEA in the first quarter valued at approximately $25,000. Sava Infond d.o.o. acquired a new stake in SEA during the 1st quarter valued at approximately $26,000. Tradewinds Capital Management LLC increased its position 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 during the period. Inlight Wealth Management LLC acquired a new stake in SEA during the 1st quarter valued at approximately $28,000. Finally, Fifth Third Bancorp increased its position in SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 1.0%

Shares of SE stock traded up $1.91 during trading hours on Friday, hitting $191.62. 4,429,415 shares of the company were exchanged, compared to its average volume of 4,707,325. The firm has a market cap of $112.89 billion, a P/E ratio of 99.29 and a beta of 1.53. Sea Limited Sponsored ADR has a fifty-two week low of $75.91 and a fifty-two week high of $192.28. 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 company has a 50 day simple moving average of $164.94 and a two-hundred day simple moving average of $148.32.

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

Analysts Set New Price Targets

SE has been the subject of a number of recent analyst reports. Arete Research downgraded shares of SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, 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.