Causeway Capital Management LLC boosted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,688 shares of the Internet company based in Singapore's stock after purchasing an additional 13,194 shares during the period. Causeway Capital Management LLC's holdings in SEA were worth $25,927,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in SE. Pacer Advisors Inc. lifted its stake in shares of SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming grew its position in SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after acquiring an additional 90 shares in the last quarter. Blue Trust Inc. raised its stake in shares of SEA by 4.8% during the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after purchasing an additional 93 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of SEA by 13.3% during the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock worth $111,000 after purchasing an additional 100 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its stake 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 purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 59.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Macquarie reiterated an "outperform" rating and issued a $219.90 price objective (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a report on Friday, May 9th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wedbush upped their target price on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Finally, Loop Capital reissued a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.49.
Check Out Our Latest Analysis on SEA
SEA Stock Performance
Shares of SE opened at $187.36 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a 12-month low of $75.67 and a 12-month high of $190.75. The business's fifty day moving average price is $159.73 and its 200 day moving average price is $145.11. The stock has a market capitalization of $110.38 billion, a PE ratio of 97.08 and a beta of 1.58.
SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (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 business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company's quarterly revenue was up 38.2% compared to the same quarter last year. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.
SEA Company Profile
(
Free Report)
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.
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