Geneos Wealth Management Inc. Purchases 1,622 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Geneos Wealth Management Inc. increased its holdings in Sea Limited by 309.5% in the first quarter, owning 2,146 shares worth approximately $280,000.
• Sea Limited's stock price opened at $190.62, with a twelve-month high of $199.30 and significant institutional ownership of 59.53%.
• The company reported $5.26 billion in revenue for the quarter, a 38.2% increase year-over-year, despite missing earnings expectations.

Geneos Wealth Management Inc. lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 309.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,146 shares of the Internet company based in Singapore's stock after acquiring an additional 1,622 shares during the period. Geneos Wealth Management Inc.'s holdings in SEA were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smithfield Trust Co bought a new stake in shares of SEA in the 1st quarter valued at approximately $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC boosted its position 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of SEA in the 1st quarter worth $28,000. Finally, Fifth Third Bancorp lifted its position in SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after acquiring an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SE. Wall Street Zen cut SEA from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Macquarie reissued an "outperform" rating and issued a $219.90 target price (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Wedbush lifted their price target on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Barclays increased their target price on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Loop Capital reiterated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Stock Up 1.3%

SE stock traded up $2.40 during midday trading on Friday, reaching $192.96. The company had a trading volume of 3,150,184 shares, compared to its average volume of 3,554,794. The company has a 50 day moving average of $173.15 and a two-hundred day moving average of $152.60. Sea Limited Sponsored ADR has a 1 year low of $83.09 and a 1 year high of $199.30. The company has a market capitalization of $113.67 billion, a P/E ratio of 99.98 and a beta of 1.53. 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 posted its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business's quarterly revenue was up 38.2% compared to the same quarter last year. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share 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.