Temasek Holdings Private Ltd Reduces Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Temasek Holdings Private Ltd reduced its stake in Sea Limited Sponsored ADR (NYSE:SE) by 32.2%, now holding approximately 2.48 million shares worth about $322.99 million.
• Despite the sale by Temasek, other investors like MAI Capital Management and Pacer Advisors have increased their stakes in SEA during the first quarter.
• Sea Limited reported a loss of $0.65 EPS for the last quarter, missing analysts' estimates, but achieved a revenue of $5.26 billion, which exceeded expectations.

Temasek Holdings Private Ltd reduced its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 32.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,475,226 shares of the Internet company based in Singapore's stock after selling 1,173,541 shares during the quarter. SEA accounts for approximately 1.3% of Temasek Holdings Private Ltd's portfolio, making the stock its 19th largest holding. Temasek Holdings Private Ltd owned 0.42% of SEA worth $322,992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 2,082.7% in 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 purchasing an additional 27,448,779 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of SEA in the first quarter valued at approximately $336,521,000. Scge Management L.P. grew its position in shares of SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock valued at $281,858,000 after purchasing an additional 1,251,000 shares during the last quarter. Nuveen LLC acquired a new stake in shares of SEA in the first quarter valued at approximately $162,796,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of SEA by 713.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock valued at $103,157,000 after purchasing an additional 693,336 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SE shares. Arete lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 target price on the stock. in a research report on Wednesday, September 3rd. Benchmark raised 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. Wedbush raised their target price 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. Barclays raised their target price on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One 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 company. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $176.85.

SEA Trading Up 0.4%

Shares of SE stock traded up $0.74 during mid-day trading on Friday, reaching $197.24. The company's stock had a trading volume of 1,449,111 shares, compared to its average volume of 4,547,133. The company's 50 day simple moving average is $168.21 and its 200-day simple moving average is $149.95. Sea Limited Sponsored ADR has a 12-month low of $78.51 and a 12-month high of $199.30. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $116.20 billion, a PE ratio of 102.20 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (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 firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the business earned $0.14 EPS. The firm's revenue was up 38.2% compared to the same quarter last year. On average, research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS 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.