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

Several other large investors also recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after acquiring an additional 27,448,779 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its stake in shares of SEA by 3.4% during the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after acquiring an additional 111,400 shares in the last quarter. Northern Trust Corp grew its stake in shares of SEA by 9.3% during the first quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore's stock valued at $420,140,000 after acquiring an additional 273,366 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of SEA during the first quarter valued at about $336,521,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock opened at $190.52 on Tuesday. 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 one year low of $76.38 and a one year high of $195.00. The company's 50-day simple moving average is $165.54 and its 200-day simple moving average is $148.86. The stock has a market capitalization of $112.24 billion, a price-to-earnings ratio of 98.71 and a beta of 1.53.

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

Analyst Ratings Changes

Several analysts have recently weighed in on SE shares. Barclays raised their target price on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. upgraded SEA from a "neutral" rating to an "overweight" rating and raised their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Macquarie restated an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Wall Street Zen upgraded SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Wedbush increased their price target on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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