Sylebra Capital LLC Cuts Position in Sea Limited Sponsored ADR $SE

Key Points

• Sylebra Capital LLC reduced its position in Sea Limited by 4.4%, owning 115,941 shares after selling 5,273 shares, representing about 0.8% of its portfolio.
• Several analysts have upgraded their ratings on SEA, with Wedbush raising its price target from $170 to $200, while Barclays increased it from $200 to $214.
• In its latest earnings report, Sea Limited reported earnings of $0.65 per share, falling short of the consensus estimate of $1.03, despite a revenue increase of 38.2% year-over-year.

Sylebra Capital LLC lessened its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,941 shares of the Internet company based in Singapore's stock after selling 5,273 shares during the period. SEA makes up approximately 0.8% of Sylebra Capital LLC's portfolio, making the stock its 19th biggest holding. Sylebra Capital LLC's holdings in SEA were worth $15,129,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. MAI Capital Management lifted its stake in SEA by 7.3% in the first quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock valued at $156,000 after purchasing an additional 82 shares during the last quarter. Pacer Advisors Inc. lifted its stake in SEA by 2.9% in the first quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock valued at $402,000 after purchasing an additional 87 shares during the last quarter. State of Wyoming lifted its stake in SEA by 3.1% in the fourth quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock valued at $319,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. lifted its stake in SEA by 4.8% in the first quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after purchasing an additional 93 shares during the last quarter. Finally, SOA Wealth Advisors LLC. lifted its stake in SEA by 13.3% in the first quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SE. 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. Arete Research downgraded SEA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Barclays upped their price objective on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Sanford C. Bernstein restated an "outperform" rating and set a $170.00 target price on shares of SEA in a research report on Wednesday, May 14th. Finally, Loop Capital restated a "buy" rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus target price of $173.99.

SEA Trading Up 1.0%

SEA stock opened at $191.62 on Friday. The stock has a market cap of $112.89 billion, a P/E ratio of 99.29 and a beta of 1.53. Sea Limited Sponsored ADR has a fifty-two week low of $75.91 and a fifty-two week high of $192.28. The firm's fifty day moving average price is $164.94 and its 200-day moving average price is $148.32. 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 firm had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The company's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.