Alliancebernstein L.P. Purchases 192,904 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Alliancebernstein L.P. increased its stake in Sea Limited by 203.4% during Q1, acquiring a total of 287,730 shares worth $37.5 million at the end of the reporting period.
• Several other institutional investors also adjusted their positions in Sea Limited, with total institutional ownership at 59.53%.
• Analysts have set numerous new price targets for Sea Limited, with consensus indicating a Moderate Buy rating and an average target price of $173.99.

Alliancebernstein L.P. grew its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 203.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 287,730 shares of the Internet company based in Singapore's stock after acquiring an additional 192,904 shares during the quarter. Alliancebernstein L.P.'s holdings in SEA were worth $37,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of SEA by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore's stock valued at $5,566,000 after acquiring an additional 415 shares during the period. Ameriprise Financial Inc. increased its stake in shares of SEA by 18.7% in the fourth quarter. Ameriprise Financial Inc. now owns 198,310 shares of the Internet company based in Singapore's stock valued at $21,041,000 after buying an additional 31,224 shares in the last quarter. Ethic Inc. acquired a new stake in shares of SEA in the fourth quarter valued at $289,000. Graham Capital Management L.P. acquired a new stake in SEA in the fourth quarter worth about $1,781,000. Finally, Investment Management Corp of Ontario increased its position in SEA by 112.6% in the fourth quarter. Investment Management Corp of Ontario now owns 25,620 shares of the Internet company based in Singapore's stock worth $2,718,000 after purchasing an additional 13,572 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Stock Up 0.4%

Shares of NYSE:SE traded up $0.80 during trading on Wednesday, hitting $193.47. 2,483,453 shares of the company's stock traded hands, compared to its average volume of 3,734,781. Sea Limited Sponsored ADR has a 52 week low of $76.38 and a 52 week high of $195.00. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The company has a market cap of $113.98 billion, a price-to-earnings ratio of 100.24 and a beta of 1.53. The company has a 50-day moving average price of $167.27 and a 200-day moving average price of $149.47.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Benchmark lifted their price objective on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Loop Capital restated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Macquarie restated an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Finally, Barclays boosted their target price on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.99.

SEA Company 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.