Sea Limited Sponsored ADR $SE Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC significantly increased its stake in Sea Limited Sponsored ADR by 209.9%, owning 3,889 shares valued at $622,000 by the end of the last quarter.
• Analysts have set new price targets for SEA, with JPMorgan Chase & Co. raising its target to $230.00 and Macquarie to $219.90, reflecting a generally positive outlook despite some downgrades.
• Sea Limited reported earnings of $0.65 per share for the last quarter, missing estimates of $1.03, but its revenue was up 38.2% year-over-year, amounting to $5.26 billion.

Farther Finance Advisors LLC increased its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 209.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,889 shares of the Internet company based in Singapore's stock after acquiring an additional 2,634 shares during the quarter. Farther Finance Advisors LLC's holdings in SEA were worth $622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MAI Capital Management raised its stake in SEA by 7.3% during the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after acquiring an additional 82 shares in the last quarter. Pacer Advisors Inc. increased its stake in SEA by 2.9% in the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after purchasing an additional 87 shares during the period. Blue Trust Inc. increased its stake 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 purchasing an additional 93 shares during the period. SOA Wealth Advisors LLC. increased its stake 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 purchasing an additional 100 shares during the period. Finally, Tradewinds Capital Management LLC increased its stake 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 purchasing an additional 100 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on SE. Macquarie restated an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. Benchmark lifted their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Arete downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Stock Down 0.7%

SE stock opened at $184.61 on Friday. The company has a market cap of $108.76 billion, a P/E ratio of 95.65 and a beta of 1.53. Sea Limited Sponsored ADR has a 52 week low of $92.50 and a 52 week high of $199.30. The company's 50-day moving average price is $175.72 and its 200 day moving average price is $154.38. The company has a current ratio of 1.55, a quick ratio of 1.54 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 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.

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