Sowell Financial Services LLC Buys New Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Sowell Financial Services LLC purchased a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,655 shares of the Internet company based in Singapore's stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in shares of SEA by 474.4% in the 4th quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock valued at $26,000 after acquiring an additional 204 shares during the last quarter. Fifth Third Bancorp increased its stake in SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after purchasing an additional 195 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in SEA during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its position in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after buying an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in shares of SEA during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Down 1.4%

SE opened at $153.49 on Monday. Sea Limited Sponsored ADR has a 52 week low of $55.00 and a 52 week high of $172.65. The business has a 50 day moving average price of $148.25 and a two-hundred day moving average price of $130.23. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The company has a market cap of $90.42 billion, a PE ratio of 108.09 and a beta of 1.64.

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 analysts' consensus estimates of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the firm posted ($0.04) EPS. The company's revenue for the quarter was up 29.6% on a year-over-year basis. As a group, research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group increased their target price on shares of SEA from $135.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. Phillip Securities upgraded SEA from a "moderate sell" rating to a "hold" rating in a research report on Friday, March 7th. Bank of America cut SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price for the company. in a research report on Friday, May 9th. Finally, Benchmark raised their price target on SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $147.15.

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.

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