Sea Limited Sponsored ADR $SE Holdings Lifted 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 grew its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,244 shares of the Internet company based in Singapore's stock after acquiring an additional 7,881 shares during the period. Federation des caisses Desjardins du Quebec's holdings in SEA were worth $8,385,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smithfield Trust Co purchased a new position in shares of SEA in the 1st quarter valued at $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC raised its stake in shares of SEA by 100.0% in the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 100 shares during the period. Inlight Wealth Management LLC purchased a new position in shares of SEA in the 1st quarter valued at $28,000. Finally, Fifth Third Bancorp raised its stake in shares of SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of NYSE:SE traded up $1.31 during trading on Tuesday, reaching $191.88. 1,500,463 shares of the company's stock traded hands, compared to its average volume of 4,567,114. 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 $76.38 and a 12 month high of $195.00. The company has a 50 day moving average of $165.54 and a 200-day moving average of $148.86. The stock has a market capitalization of $113.04 billion, a P/E ratio of 99.51 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company earned $0.14 EPS. SEA's quarterly revenue was up 38.2% on a year-over-year basis. On average, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on SE shares. Barclays raised their target price on shares of SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Arete downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target on the stock. in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and an average 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.