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 its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,160,000 shares of the Internet company based in Singapore's stock after buying an additional 1,251,000 shares during the period. SEA makes up approximately 8.1% of Scge Management L.P.'s portfolio, making the stock its 6th largest position. Scge Management L.P. owned about 0.37% of SEA worth $281,858,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Smithfield Trust Co acquired a new position in shares of SEA during the first quarter worth about $25,000. Sava Infond d.o.o. purchased a new stake in SEA during the 1st quarter valued at approximately $26,000. Tradewinds Capital Management LLC increased its stake in 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 first quarter worth $28,000. Finally, Fifth Third Bancorp grew its position in SEA by 464.3% during the first 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 period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday. Benchmark upped their target price on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Macquarie reiterated an "outperform" rating and issued a $219.90 price objective (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. Finally, Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of "Moderate Buy" and an average price target of $176.85.

SEA Stock Performance

Shares of NYSE SE traded up $3.51 during mid-day trading on Thursday, hitting $196.55. The company had a trading volume of 4,522,584 shares, compared to its average volume of 4,564,443. The business's 50-day simple moving average is $167.27 and its 200-day simple moving average is $149.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market cap of $115.79 billion, a P/E ratio of 101.84 and a beta of 1.53. Sea Limited Sponsored ADR has a 12 month low of $78.51 and a 12 month high of $199.30.

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 earnings per share 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 company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same quarter last year, the company earned $0.14 earnings per share. The business's revenue was up 38.2% on a year-over-year basis. As a group, analysts predict 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.