Caisse DE Depot ET Placement DU Quebec Raises Stock Position in Sea Limited Sponsored ADR $SE

Key Points

• Caisse De Depot ET Placement DU Quebec increased its stake in Sea Limited by 68.7% during the first quarter, acquiring an additional 154,288 shares, bringing its total holding to approximately $49.4 million.
• Sea Limited reported $5.26 billion in quarterly revenue, surpassing estimates of $5 billion, despite earnings per share of $0.65 missing the consensus of $1.03.
• Several analysts have upgraded Sea Limited's ratings and target prices, with Wedbush raising its target from $170 to $200 and JPMorgan increasing theirs from $135 to $190, reflecting strong confidence in the company's performance.

Caisse DE Depot ET Placement DU Quebec raised its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 68.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 378,795 shares of the Internet company based in Singapore's stock after acquiring an additional 154,288 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of SEA worth $49,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SE. Smithfield Trust Co acquired a new position in shares of SEA in the first quarter valued at approximately $25,000. Sava Infond d.o.o. bought a new position in shares of SEA during the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC grew 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 buying an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new position in SEA during the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp boosted 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 worth $31,000 after buying an additional 195 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Price Performance

SEA stock traded down $0.60 during mid-day trading on Friday, hitting $185.64. The stock had a trading volume of 5,353,980 shares, compared to its average volume of 4,606,298. The firm has a market capitalization of $109.36 billion, a P/E ratio of 96.19 and a beta of 1.58. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The firm's 50 day moving average is $161.49 and its 200 day moving average is $146.09. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $190.75.

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 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 company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. During the same quarter in the prior year, the business posted $0.14 EPS. The company's revenue was up 38.2% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the subject of several recent analyst reports. Benchmark boosted their price objective on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Finally, Wedbush boosted their target price on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, SEA currently has a consensus 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.