SVB Wealth LLC Takes $212,000 Position in Sea Limited Sponsored ADR $SE

Key Points

• SVB Wealth LLC has invested approximately $212,000 in Sea Limited Sponsored ADR, purchasing 1,623 shares during the first quarter.
• Several institutional investors have significantly increased their holdings in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd raising its position by 2,082.7%.
• Equities research analysts have shown optimism, with upgraded ratings and price targets for Sea Limited, including a target increase to $200 from Wedbush.

SVB Wealth LLC bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,623 shares of the Internet company based in Singapore's stock, valued at approximately $212,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Smithfield Trust Co acquired a new stake in SEA during the first quarter worth approximately $25,000. Sava Infond d.o.o. acquired a new position in shares of SEA during the first quarter valued at about $26,000. Tradewinds Capital Management LLC boosted its position in shares of 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in SEA in the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp raised its stake in SEA by 464.3% during 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 period. Institutional investors and hedge funds own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the subject of a number of research reports. Benchmark raised 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. Loop Capital reissued a "buy" rating and issued a $190.00 price target (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Barclays upped their price objective on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $173.49.

SEA Stock Performance

Shares of NYSE:SE traded down $0.31 during midday trading on Friday, reaching $185.93. The company had a trading volume of 1,738,809 shares, compared to its average volume of 4,584,094. The stock has a market cap of $109.53 billion, a P/E ratio of 96.31 and a beta of 1.58. The company's 50 day moving average price is $161.49 and its 200 day moving average price is $146.09. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 52-week low of $75.67 and a 52-week high of $190.75.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the prior year, the firm posted $0.14 EPS. The business's revenue was up 38.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal 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.