Jump Financial LLC Cuts Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Jump Financial LLC reduced its stake in Sea Limited by 1.3%, now holding 232,145 shares worth approximately $30.3 million.
• Analysts have upgraded their ratings and price targets for Sea Limited, with some firms setting targets between $190.00 and $219.90.
• Sea Limited reported a 0.65 EPS for the last quarter, missing estimates, but revenue grew by 38.2% year-over-year, totaling $5.26 billion.

Jump Financial LLC cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 232,145 shares of the Internet company based in Singapore's stock after selling 3,127 shares during the quarter. Jump Financial LLC's holdings in SEA were worth $30,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd increased its position 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 worth $3,753,769,000 after acquiring an additional 27,448,779 shares during the period. Jennison Associates LLC purchased a new position in shares of SEA during the first quarter worth approximately $336,521,000. Nuveen LLC purchased a new position in shares of SEA during the first quarter worth approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of SEA by 713.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after acquiring an additional 693,336 shares during the period. Finally, AGF Management Ltd. increased its position in shares of SEA by 171.3% during the first quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock worth $128,252,000 after acquiring an additional 620,587 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Loop Capital reissued a "buy" rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Sanford C. Bernstein reissued an "outperform" rating and set a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Finally, Wedbush lifted their price objective on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, SEA has a consensus rating of "Moderate Buy" and a consensus price target of $173.49.

SEA Stock Down 2.8%

NYSE SE traded down $5.19 on Wednesday, hitting $183.10. The stock had a trading volume of 2,585,150 shares, compared to its average volume of 4,608,009. The business's fifty day moving average price is $160.35 and its 200 day moving average price is $145.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a 52-week low of $75.67 and a 52-week high of $190.75. The stock has a market cap of $107.87 billion, a price-to-earnings ratio of 94.87 and a beta of 1.58.

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 the consensus estimate 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 company's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current 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.