Totem Point Management LLC Has $11.22 Million Stake in Sea Limited Sponsored ADR $SE

Key Points

• Totem Point Management LLC increased its investment in Sea Limited Sponsored ADR by 162.2%, now holding 85,958 shares worth approximately $11.2 million, making it the firm's 4th largest holding.
• Various institutions, including Northern Trust Corp and Aquatic Capital Management LLC, have also modified their stakes in Sea Limited, with 59.53% of the stock now owned by institutional investors.
• Despite missing earnings estimates for the last quarter, Sea Limited experienced a revenue increase of 38.2% year-over-year, with consensus estimates predicting an EPS of 0.74 for the current fiscal year.

Totem Point Management LLC raised its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 162.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,958 shares of the Internet company based in Singapore's stock after acquiring an additional 53,169 shares during the quarter. SEA comprises 13.8% of Totem Point Management LLC's holdings, making the stock its 4th largest position. Totem Point Management LLC's holdings in SEA were worth $11,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its holdings in shares of SEA by 2.9% during the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares during the period. State of Wyoming boosted its position in SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after buying an additional 90 shares in the last quarter. Blue Trust Inc. boosted its position in SEA by 4.8% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after buying an additional 93 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in SEA by 13.3% in the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after buying an additional 100 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in 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 valued at $26,000 after buying an additional 100 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Stock Up 0.2%

SE traded up $0.38 during midday trading on Wednesday, hitting $179.16. The company had a trading volume of 1,502,386 shares, compared to its average volume of 4,590,678. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $190.75. 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 company has a market capitalization of $105.54 billion, a price-to-earnings ratio of 93.00 and a beta of 1.53. The stock's 50 day moving average price is $163.17 and its 200 day moving average price is $147.26.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period last year, the firm posted $0.14 earnings per share. The company's revenue for the quarter was up 38.2% on a year-over-year basis. On average, research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Barclays raised their price target 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. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. raised shares of 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 research note on Tuesday, May 13th. Finally, Benchmark lifted their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Two equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus 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.