Canada Pension Plan Investment Board Reduces Position in Sea Limited Sponsored ADR $SE

Key Points

• Canada Pension Plan Investment Board has significantly reduced its stake in Sea Limited, selling 467,872 shares and lowering its position by 63.1% in the first quarter.
• Several institutional investors have increased their holdings in Sea Limited, with notable increases from Pacer Advisors, State of Wyoming, and Tradewinds Capital Management.
• Sea Limited reported a missed earnings estimate of $0.65 per share for the latest quarter, which was below the expected $1.03, despite achieving a revenue of $5.26 billion.

Canada Pension Plan Investment Board trimmed its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,300 shares of the Internet company based in Singapore's stock after selling 467,872 shares during the period. Canada Pension Plan Investment Board's holdings in SEA were worth $35,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in SEA by 42.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of SEA by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after purchasing an additional 279 shares during the period. Brucke Financial Inc. acquired a new position in shares of SEA in the 4th quarter valued at $211,000. Sowell Financial Services LLC acquired a new position in shares of SEA in the 1st quarter valued at $216,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of SEA by 10.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock valued at $631,000 after purchasing an additional 476 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

NYSE:SE traded up $8.59 during trading hours on Thursday, reaching $189.57. 3,967,095 shares of the company were exchanged, compared to its average volume of 4,594,945. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The stock's 50-day moving average is $163.68 and its 200-day moving average is $147.49. The firm has a market cap of $111.68 billion, a PE ratio of 98.22 and a beta of 1.53. Sea Limited Sponsored ADR has a twelve month low of $75.91 and a twelve month high of $190.75.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The business's revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Arete Research cut shares of SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research note on Friday, May 9th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Arete cut shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price for the company. in a research note on Wednesday. Finally, Loop Capital reiterated a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $173.99.

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.