Sea Limited Sponsored ADR $SE Stake Lifted by KADENSA CAPITAL Ltd

Key Points

• KADENSA CAPITAL Ltd significantly increased its position in Sea Limited Sponsored ADR by 136.2% during the first quarter, owning over 153,000 shares valued at approximately $20 million.
• Several analysts have recently adjusted their ratings on SEA, with Macquarie raising its price target to $219.90, while Arete Research downgraded shares from "strong-buy" to "hold."
• SEA reported $5.26 billion in revenue for the last quarter, surpassing analyst estimates, although it missed earnings per share expectations by $0.38.

KADENSA CAPITAL Ltd raised its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 136.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,575 shares of the Internet company based in Singapore's stock after acquiring an additional 88,565 shares during the quarter. SEA makes up 2.5% of KADENSA CAPITAL Ltd's investment portfolio, making the stock its 9th biggest holding. KADENSA CAPITAL Ltd's holdings in SEA were worth $20,040,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Smithfield Trust Co acquired a new stake in shares of SEA in the 1st quarter valued at about $25,000. Sava Infond d.o.o. acquired a new stake in shares of SEA in the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC boosted its position in shares of 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 purchasing an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of SEA in the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp lifted 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 worth $31,000 after acquiring an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Trading Up 1.1%

SEA stock traded up $2.07 during midday trading on Tuesday, reaching $192.64. The stock had a trading volume of 3,207,131 shares, compared to its average volume of 4,577,627. Sea Limited Sponsored ADR has a twelve month low of $76.38 and a twelve month high of $195.00. The stock has a market capitalization of $113.49 billion, a PE ratio of 99.81 and a beta of 1.53. 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's 50-day simple moving average is $165.54 and its 200 day simple moving average is $148.86.

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 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 firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the business posted $0.14 EPS. SEA's revenue was up 38.2% compared to the same quarter last year. Analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SE shares. JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Barclays increased their target price on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Wedbush increased their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Arete downgraded 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. Finally, Loop Capital reissued a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus target price 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.