Sea Limited Sponsored ADR $SE Shares Purchased by Scge Management L.P.

Key Points

• Scge Management L.P. increased its stake in Sea Limited Sponsored ADR ($SE) by 137.6%, owning 2,160,000 shares, which now represent about 8.1% of its portfolio.
• Sea Limited reported quarterly earnings of $0.65 per share, missing analysts' estimates of $1.03, despite a 38.2% increase in revenue year-over-year.
• The stock has a market capitalization of $112.89 billion and has received varied ratings, with an average consensus of "Moderate Buy" among analysts.

Scge Management L.P. lifted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 137.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,160,000 shares of the Internet company based in Singapore's stock after acquiring an additional 1,251,000 shares during the period. SEA makes up about 8.1% of Scge Management L.P.'s portfolio, making the stock its 6th largest holding. Scge Management L.P. owned approximately 0.37% of SEA worth $281,858,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of SEA by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore's stock valued at $5,566,000 after purchasing an additional 415 shares during the last quarter. Algert Global LLC purchased a new position in shares of SEA in the fourth quarter worth about $827,000. Ameriprise Financial Inc. boosted its position in shares of SEA by 18.7% in the fourth quarter. Ameriprise Financial Inc. now owns 198,310 shares of the Internet company based in Singapore's stock valued at $21,041,000 after acquiring an additional 31,224 shares during the period. Eschler Asset Management LLP lifted its position in SEA by 50.9% during the fourth quarter. Eschler Asset Management LLP now owns 16,000 shares of the Internet company based in Singapore's stock valued at $1,698,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Ethic Inc. purchased a new position in shares of SEA during the fourth quarter worth approximately $289,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wedbush upped their price target on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Arete downgraded SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a research note on Wednesday, September 3rd. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Benchmark raised their price target on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, Arete Research lowered SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. One research 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $173.99.

SEA Price Performance

Shares of SE traded down $1.70 during trading hours on Tuesday, hitting $188.87. 968,869 shares of the stock were exchanged, compared to its average volume of 4,563,167. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. Sea Limited Sponsored ADR has a 12-month low of $76.38 and a 12-month high of $195.00. The company has a market cap of $111.27 billion, a price-to-earnings ratio of 97.70 and a beta of 1.53. The stock's 50-day moving average price is $165.54 and its two-hundred day moving average price is $148.86.

SEA (NYSE:SE - Get Free Report) last announced 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 net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the company earned $0.14 EPS. The business's revenue for the quarter was up 38.2% on a year-over-year basis. Research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

About SEA

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.