KADENSA CAPITAL Ltd Purchases 88,565 Shares of Sea Limited Sponsored ADR $SE

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 position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 136.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,575 shares of the Internet company based in Singapore's stock after buying an additional 88,565 shares during the quarter. SEA accounts for 2.5% of KADENSA CAPITAL Ltd's portfolio, making the stock its 9th largest position. KADENSA CAPITAL Ltd's holdings in SEA were worth $20,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Smithfield Trust Co purchased a new stake in SEA during the first quarter valued at about $25,000. Sava Infond d.o.o. acquired a new position in SEA during the first quarter valued at $26,000. Tradewinds Capital Management LLC raised its position in SEA by 100.0% during the first 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 period. Inlight Wealth Management LLC purchased a new stake in shares of SEA in the first quarter worth approximately $28,000. Finally, Fifth Third Bancorp lifted its position in shares of 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 hedge funds and other institutional investors.

SEA Stock Performance

Shares of NYSE:SE traded down $0.49 during trading on Wednesday, reaching $192.18. The stock had a trading volume of 917,394 shares, compared to its average volume of 4,555,896. Sea Limited Sponsored ADR has a 52 week low of $76.38 and a 52 week high of $195.00. The firm has a market capitalization of $113.21 billion, a price-to-earnings ratio of 99.57 and a beta of 1.53. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $166.39 and a two-hundred day simple moving average of $149.16.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (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 company 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. The company's revenue was up 38.2% on a year-over-year basis. As a group, analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on SE shares. Barclays increased their price target on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Benchmark increased their price target on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Wedbush raised their price objective on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. One equities research 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.99.

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.