Alliancebernstein L.P. Has $37.55 Million Stake in 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 first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,730 shares of the Internet company based in Singapore's stock after buying an additional 192,904 shares during the period. Alliancebernstein L.P.'s holdings in SEA were worth $37,546,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SE. Smithfield Trust Co acquired a new stake in shares of SEA in the first quarter valued at approximately $25,000. Sava Infond d.o.o. acquired a new stake in shares of SEA in the first quarter valued at approximately $26,000. Tradewinds Capital Management LLC lifted its position in shares of SEA by 100.0% in 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 last quarter. Inlight Wealth Management LLC bought a new position in shares of SEA during the first quarter worth approximately $28,000. Finally, Fifth Third Bancorp increased its stake in shares of SEA by 464.3% during 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 during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Price Performance

SEA stock traded down $0.24 during mid-day trading on Friday, reaching $196.26. 3,048,989 shares of the company were exchanged, compared to its average volume of 3,519,849. The company has a fifty day simple moving average of $169.15 and a 200-day simple moving average of $150.60. Sea Limited Sponsored ADR has a 12 month low of $78.51 and a 12 month high of $199.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market cap of $115.62 billion, a PE ratio of 101.69 and a beta of 1.53.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SE shares. Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. Arete lowered SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a research note on Wednesday, September 3rd. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Macquarie reiterated an "outperform" rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. increased their target price on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday. One investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.85.

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.