Sea Limited Sponsored ADR $SE Position Boosted by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Sea Limited Sponsored ADR (NYSE:SE) by 14.0%, now owning 64,244 shares valued at $8,385,000.
• Sea Limited reported a loss of $0.38 per share against an estimated profit of $1.03 in its recent earnings, while revenue rose to $5.26 billion, exceeding the estimate of $5 billion.
• Despite recent earnings misses, analysts have given SEA a consensus rating of "Moderate Buy" with a price target of $173.99, reflecting optimism about the company's future performance.

Federation des caisses Desjardins du Quebec boosted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,244 shares of the Internet company based in Singapore's stock after purchasing an additional 7,881 shares during the period. Federation des caisses Desjardins du Quebec's holdings in SEA were worth $8,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of SEA by 0.8% in 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 in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in SEA by 9.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,090 shares of the Internet company based in Singapore's stock valued at $2,768,000 after buying an additional 2,295 shares during the last quarter. Algert Global LLC bought a new stake in SEA in the fourth quarter valued at about $827,000. Ameriprise Financial Inc. increased its holdings in 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 during the last quarter. Finally, Circle Wealth Management LLC increased its holdings in SEA by 36.2% in the fourth quarter. Circle Wealth Management LLC now owns 9,014 shares of the Internet company based in Singapore's stock valued at $956,000 after buying an additional 2,398 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

NYSE SE traded up $1.91 on Friday, hitting $191.62. The stock had a trading volume of 4,429,415 shares, compared to its average volume of 4,707,325. Sea Limited Sponsored ADR has a one year low of $75.91 and a one year high of $192.28. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The stock has a market cap of $112.89 billion, a price-to-earnings ratio of 99.29 and a beta of 1.53. The company's 50-day moving average is $164.94 and its two-hundred day moving average is $148.32.

SEA (NYSE:SE - Get Free Report) last released its quarterly 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). 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 firm posted $0.14 earnings per share. The firm's quarterly revenue was up 38.2% compared to the same quarter last year. On average, analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Loop Capital reissued a "buy" rating and issued a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Macquarie reissued an "outperform" rating and issued a $219.90 target price (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.99.

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.