Ieq Capital LLC Acquires 36,935 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Ieq Capital LLC increased its holdings in Sea Limited by 171.2% during Q1, now owning 58,503 shares worth approximately $7.63 million.
• Sea Limited reported $5.26 billion in revenue for the quarter, exceeding analysts' expectations, though its EPS of $0.65 missed estimates by ($0.38).
• Analysts have set ambitious new target prices for SEA, with Wedbush raising their target to $200.00, contributing to a consensus rating of "Moderate Buy."

Ieq Capital LLC lifted its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 171.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,503 shares of the Internet company based in Singapore's stock after acquiring an additional 36,935 shares during the quarter. Ieq Capital LLC's holdings in SEA were worth $7,634,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co purchased a new position in SEA during the first quarter valued at $25,000. Sava Infond d.o.o. purchased a new position in SEA during the first quarter valued at $26,000. Tradewinds Capital Management LLC lifted its position in SEA by 100.0% during 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 period. Inlight Wealth Management LLC purchased a new position in SEA during the first quarter valued at $28,000. Finally, Fifth Third Bancorp lifted its position in SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares during the period. Institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

SE has been the subject of several recent research reports. Loop Capital reissued a "buy" rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Benchmark raised their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Arete Research set a $177.00 price objective on SEA in a research report on Tuesday. Finally, JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $173.99.

SEA Stock Performance

NYSE SE traded up $0.37 during trading hours on Wednesday, hitting $179.15. The company's stock had a trading volume of 1,196,792 shares, compared to its average volume of 4,588,125. Sea Limited Sponsored ADR has a 12 month low of $75.67 and a 12 month high of $190.75. The company's 50 day simple moving average is $163.17 and its two-hundred day simple moving average is $147.26. The company has a market cap of $105.54 billion, a P/E ratio of 92.84 and a beta of 1.53. 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 (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate 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. SEA's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

SEA 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.