Sea Limited Sponsored ADR $SE Shares Sold by First Beijing Investment Ltd

Key Points

• First Beijing Investment Ltd has reduced its stake in Sea Limited Sponsored ADR (NYSE:SE) by 62.6%, owning now 957,702 shares after selling 1,599,696 shares in the first quarter.
• Oversea Chinese Banking Corp Ltd significantly increased its stake in SEA by 2,082.7%, acquiring an additional 27,448,779 shares to own 28,766,718 shares valued at $3.75 billion.
• Despite missing earnings expectations, SEA reported revenue growth of 38.2% year-over-year, reaching $5.26 billion, against a consensus estimate of $5 billion.

First Beijing Investment Ltd cut its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 62.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 957,702 shares of the Internet company based in Singapore's stock after selling 1,599,696 shares during the period. SEA accounts for 8.6% of First Beijing Investment Ltd's portfolio, making the stock its 5th largest holding. First Beijing Investment Ltd owned 0.16% of SEA worth $124,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smithfield Trust Co bought a new stake in shares of SEA during the 1st quarter valued at $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA in the 1st quarter worth $26,000. Tradewinds Capital Management LLC boosted its stake in shares of SEA by 100.0% during 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 during the period. Inlight Wealth Management LLC purchased a new position in shares of SEA during the 1st quarter worth about $28,000. Finally, Fifth Third Bancorp lifted its holdings 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 valued at $31,000 after buying an additional 195 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SE. 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 report on Thursday. Macquarie reissued an "outperform" rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Loop Capital reissued a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Arete Research downgraded shares of SEA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, Benchmark boosted their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.85.

SEA Stock Performance

Shares of SE stock traded down $0.24 during trading hours on Friday, hitting $196.26. The company's stock had a trading volume of 3,048,989 shares, compared to its average volume of 3,519,849. The company has a 50 day moving average of $169.15 and a 200 day moving average of $150.60. The stock has a market cap of $115.62 billion, a PE ratio of 101.69 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 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 released its quarterly earnings data 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 analysts' expectations of $5 billion. During the same period last year, the company earned $0.14 earnings per share. The firm's revenue was up 38.2% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal 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.