Charles Schwab Investment Management Inc. Raises Position in Sea Limited Sponsored ADR $SE

Charles Schwab Investment Management Inc. lifted its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 306,907 shares of the Internet company based in Singapore's stock after acquiring an additional 15,749 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.05% of SEA worth $40,048,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SE. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares during the last quarter. Jennison Associates LLC acquired a new stake in SEA during the 1st quarter worth approximately $336,521,000. Capital Research Global Investors lifted its holdings in SEA by 19.5% during the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after buying an additional 1,325,183 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in SEA by 713.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after buying an additional 693,336 shares in the last quarter. Finally, Fred Alger Management LLC increased its position in shares of SEA by 100.3% in the 4th quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock valued at $112,135,000 after purchasing an additional 529,237 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of recent analyst reports. Macquarie reissued an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Wedbush increased 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. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Benchmark increased their target price on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and an average price target of $173.49.

SEA Stock Up 2.9%

Shares of NYSE SE traded up $5.24 during mid-day trading on Friday, reaching $184.84. The company had a trading volume of 1,643,335 shares, compared to its average volume of 4,611,210. The stock has a market cap of $108.89 billion, a P/E ratio of 95.72 and a beta of 1.58. The firm has a 50 day simple moving average of $158.53 and a two-hundred day simple moving average of $143.93. 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 Limited Sponsored ADR has a 52-week low of $75.67 and a 52-week high of $184.74.

SEA (NYSE:SE - Get Free Report) last issued its quarterly 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). The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm's revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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.