Strs Ohio Purchases New Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Strs Ohio has acquired a new stake in Sea Limited Sponsored ADR, purchasing 53,415 shares valued at approximately $6.97 million during the 1st quarter of the year.
• Several institutional investors, including OVERSEA CHINESE BANKING Corp Ltd and Fred Alger Management LLC, have significantly increased their holdings in Sea Limited, indicating strong institutional interest.
• Despite a recent earnings miss with a reported $0.65 EPS, Sea Limited's revenue rose by 38.2% year-over-year, reflecting continued growth in its digital entertainment and e-commerce segments.

Strs Ohio purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,415 shares of the Internet company based in Singapore's stock, valued at approximately $6,970,000.

A number of other institutional investors also recently added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in 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 valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Jennison Associates LLC acquired a new stake in SEA during the first quarter valued at approximately $336,521,000. Fred Alger Management LLC boosted its holdings in shares of SEA by 144.6% in the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock worth $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Scge Management L.P. boosted its holdings in shares of SEA by 137.6% in the 1st quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore's stock worth $281,858,000 after acquiring an additional 1,251,000 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of SEA in the 1st quarter worth approximately $162,796,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SE. Arete downgraded SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a report on Wednesday, September 3rd. Wall Street Zen cut shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday. Benchmark upped their price objective on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Wedbush increased their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Finally, Macquarie reiterated an "outperform" rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, SEA presently has an average rating of "Moderate Buy" and an average price target of $176.85.

SEA Trading Down 0.1%

Shares of NYSE:SE opened at $196.26 on Monday. Sea Limited Sponsored ADR has a 52-week low of $78.51 and a 52-week high of $199.30. The company has a market capitalization of $115.62 billion, a P/E ratio of 101.69 and a beta of 1.53. The company has a 50-day simple moving average of $169.15 and a 200 day simple moving average of $150.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm'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 earnings per share. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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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