Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,573 shares of the Internet company based in Singapore's stock after selling 1,823 shares during the period. SlateStone Wealth LLC's holdings in SEA were worth $4,903,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after buying an additional 5,153 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after buying an additional 279 shares during the period. Brucke Financial Inc. purchased a new stake in SEA during the fourth quarter worth $211,000. Sowell Financial Services LLC purchased a new stake in SEA during the first quarter worth $216,000. Finally, Assenagon Asset Management S.A. increased its position in shares of SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after purchasing an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SE shares. Barclays upped their price target on SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Bank of America downgraded SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised SEA from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $159.82.

SEA Stock Performance

Shares of NYSE SE traded down $2.44 during mid-day trading on Friday, hitting $154.21. The stock had a trading volume of 2,765,978 shares, compared to its average volume of 4,553,563. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The company has a 50 day moving average of $158.12 and a two-hundred day moving average of $139.04. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65. The firm has a market cap of $90.85 billion, a PE ratio of 108.60 and a beta of 1.60.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. SEA's revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share. Research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal 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.