Strs Ohio Invests $6.97 Million 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 bought a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 53,415 shares of the Internet company based in Singapore's stock, valued at approximately $6,970,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smithfield Trust Co acquired a new position in SEA during the 1st quarter valued at about $25,000. Sava Infond d.o.o. acquired a new position in SEA during the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC boosted its stake in SEA by 100.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in SEA during the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp boosted its stake in shares of SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock worth $31,000 after buying an additional 195 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SE. Barclays boosted their target price on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Loop Capital reiterated a "buy" rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Wedbush upped their price objective on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Benchmark upped their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.85.

SEA Stock Performance

SE stock traded up $2.40 during midday trading on Friday, reaching $192.96. 3,150,184 shares of the company's stock traded hands, compared to its average volume of 3,554,794. The company has a 50-day moving average price of $173.15 and a two-hundred day moving average price of $152.60. 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 Limited Sponsored ADR has a 52 week low of $83.09 and a 52 week high of $199.30. The firm has a market capitalization of $113.67 billion, a PE ratio of 99.98 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). SEA had a net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same period in the previous year, the firm earned $0.14 EPS. The company's revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

SEA 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.