Ameriprise Financial Inc. Purchases 294,150 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Ameriprise Financial Inc. increased its holdings in Sea Limited Sponsored ADR by 148.3%, owning 492,460 shares worth approximately $64.26 million following an acquisition of 294,150 shares in Q1.
• Sea Limited reported $5.26 billion in revenue for the last quarter, exceeding analyst estimates and reflecting a 38.2% year-over-year increase; however, its earnings per share of $0.65 fell short of expectations.
• Equities analysts have varied ratings on Sea Limited, with Barclays setting a revised price target of $214.00, while Bank of America downgraded the stock to a "neutral" rating with a $160.00 price objective.

Ameriprise Financial Inc. raised its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 148.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 492,460 shares of the Internet company based in Singapore's stock after purchasing an additional 294,150 shares during the period. Ameriprise Financial Inc. owned approximately 0.08% of SEA worth $64,261,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SE. First Trust Advisors LP boosted its stake in SEA by 9.6% during the 4th quarter. First Trust Advisors LP now owns 31,311 shares of the Internet company based in Singapore's stock valued at $3,322,000 after purchasing an additional 2,730 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in SEA by 0.8% during the 4th 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 purchasing an additional 415 shares during the last quarter. MGO One Seven LLC purchased a new stake in SEA during the 4th quarter valued at $324,000. Aquatic Capital Management LLC purchased a new stake in SEA during the 4th quarter valued at $1,088,000. Finally, Northern Trust Corp boosted its stake in SEA by 12.6% during the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock valued at $312,607,000 after purchasing an additional 329,881 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

SEA stock traded down $0.60 during trading on Friday, reaching $185.64. The company had a trading volume of 5,353,980 shares, compared to its average volume of 4,859,033. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $190.75. The firm's 50-day simple moving average is $162.13 and its 200 day simple moving average is $146.48. The firm has a market capitalization of $109.36 billion, a price-to-earnings ratio of 96.19 and a beta of 1.58. 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 (NYSE:SE - Get Free Report) last announced its earnings results 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). The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SE has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded 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 note on Tuesday, May 13th. Barclays raised their price target on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research note on Friday, May 9th. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $173.49.

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.