Sea Limited Sponsored ADR $SE Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Sea Limited by 14.7% in Q1, now owning a total of 16,358 shares valued at $2,135,000.
• The stock received several upgrades from analysts, with Barclays raising its price target to $214.00 and JPMorgan Chase & Co. raising theirs to $230.00, contributing to a consensus rating of "Moderate Buy."
• Sea Limited reported $0.65 EPS for Q2, missing estimates, but achieved a revenue of $5.26 billion, exceeding analyst forecasts.

NewEdge Advisors LLC raised its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,358 shares of the Internet company based in Singapore's stock after purchasing an additional 2,092 shares during the period. NewEdge Advisors LLC's holdings in SEA were worth $2,135,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd increased its stake in 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 purchased a new position in SEA in the first quarter valued at approximately $336,521,000. Nuveen LLC purchased a new position in SEA in the first quarter valued at approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. increased its stake in 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. Finally, AGF Management Ltd. increased its stake in SEA by 171.3% in the first quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock valued at $128,252,000 after purchasing an additional 620,587 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 2.8%

Shares of NYSE SE traded down $5.43 on Monday, reaching $190.62. 3,214,896 shares of the company traded hands, compared to its average volume of 4,548,857. Sea Limited Sponsored ADR has a fifty-two week low of $78.51 and a fifty-two week high of $199.30. The company has a 50 day moving average of $169.15 and a 200 day moving average of $150.77. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $112.30 billion, a PE ratio of 98.77 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last issued its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). The firm had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday. 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. 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. Macquarie restated an "outperform" rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, SEA currently has an average rating of "Moderate Buy" and a consensus target price of $176.85.

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.