Aberdeen Group plc Boosts Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Aberdeen Group plc increased its holdings in Sea Limited by 1.7% in Q1, owning 82,920 shares valued at approximately $10.82 million.
• Several institutional investors significantly modified their stakes in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd increasing its position by 2,082.7% for a total of 28.77 million shares worth about $3.75 billion.
• Sea Limited reported a Q2 EPS of $0.65, missing the analyst consensus of $1.03, while year-over-year revenue increased by 38.2% to $5.26 billion.

Aberdeen Group plc raised its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,920 shares of the Internet company based in Singapore's stock after acquiring an additional 1,410 shares during the period. Aberdeen Group plc's holdings in SEA were worth $10,820,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Smithfield Trust Co purchased a new stake in SEA in the 1st quarter worth approximately $25,000. Sava Infond d.o.o. purchased a new stake in shares of SEA during the first quarter worth approximately $26,000. Tradewinds Capital Management LLC lifted 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 worth $26,000 after buying an additional 100 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in SEA during the first quarter worth about $28,000. Finally, Fifth Third Bancorp raised its holdings in 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 last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Up 3.2%

NYSE SE traded up $5.82 during trading hours on Friday, hitting $185.42. 4,862,230 shares of the company were exchanged, compared to its average volume of 4,715,185. The company has a 50 day moving average of $159.15 and a two-hundred day moving average of $144.36. The firm has a market cap of $109.23 billion, a price-to-earnings ratio of 96.07 and a beta of 1.58. Sea Limited Sponsored ADR has a 52-week low of $75.67 and a 52-week high of $185.68. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

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 earnings per share (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 for the quarter, compared to analyst estimates of $5 billion. During the same period in the prior year, the company posted $0.14 earnings per share. The company's revenue was up 38.2% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and upped their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Benchmark upped their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Macquarie reaffirmed an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research note on Friday, May 9th. Finally, Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.