Sea Limited Sponsored ADR $SE Shares Sold by Temasek Holdings Private Ltd

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 cut its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 32.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,475,226 shares of the Internet company based in Singapore's stock after selling 1,173,541 shares during the period. SEA comprises about 1.3% of Temasek Holdings Private Ltd's holdings, making the stock its 19th largest position. Temasek Holdings Private Ltd owned about 0.42% of SEA worth $322,992,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SE. MAI Capital Management raised its position in SEA by 7.3% during the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after acquiring an additional 82 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of SEA by 2.9% during the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after purchasing an additional 87 shares in the last quarter. State of Wyoming raised its position in shares of SEA by 3.1% during the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. lifted its stake in SEA by 4.8% in the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after buying an additional 93 shares in the last quarter. Finally, SOA Wealth Advisors LLC. lifted its stake in SEA by 13.3% in the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after buying an additional 100 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Stock Performance

SEA stock opened at $191.62 on Friday. The stock has a fifty day moving average price of $164.94 and a 200 day moving average price of $148.32. Sea Limited Sponsored ADR has a 52 week low of $75.91 and a 52 week high of $192.28. The firm has a market capitalization of $112.89 billion, a P/E ratio of 99.29 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 (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS 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 net margin of 6.23% and a return on equity of 13.66%. The company's revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Macquarie reissued an "outperform" rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. Barclays lifted their price objective on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Benchmark boosted their target price on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Wedbush lifted their price target on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $173.99.

SEA 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.

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.