Sea Limited Sponsored ADR $SE Shares Sold by Sylebra Capital LLC

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 reduced its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 holdings, making the stock its 19th largest holding. Sylebra Capital LLC's holdings in SEA were worth $15,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of SEA by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 52,464 shares of the Internet company based in Singapore's stock valued at $5,566,000 after acquiring an additional 415 shares in the last quarter. Algert Global LLC acquired a new stake in SEA in the fourth quarter worth $827,000. Ameriprise Financial Inc. increased its position in SEA by 18.7% in the fourth quarter. Ameriprise Financial Inc. now owns 198,310 shares of the Internet company based in Singapore's stock worth $21,041,000 after buying an additional 31,224 shares during the period. Ethic Inc. acquired a new stake in SEA in the fourth quarter worth $289,000. Finally, Fullerton Fund Management Co Ltd. increased its position in SEA by 11.1% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 431,408 shares of the Internet company based in Singapore's stock worth $45,772,000 after buying an additional 43,158 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the subject of several recent analyst reports. 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 note on Thursday, May 29th. Wedbush increased their price target on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Barclays increased their price target on SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, Benchmark increased their price target on SEA from $180.00 to $205.00 and gave the stock 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 given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.85.

SEA Price Performance

Shares of NYSE SE traded up $0.65 during trading on Friday, hitting $197.15. 1,503,247 shares of the company were exchanged, compared to its average volume of 4,547,306. Sea Limited Sponsored ADR has a 1 year low of $78.51 and a 1 year high of $199.30. The company has a market cap of $116.14 billion, a price-to-earnings ratio of 102.16 and a beta of 1.53. The firm's fifty day moving average price is $168.21 and its 200 day moving average price is $149.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54.

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 for the quarter, compared to analysts' expectations of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The business's quarterly revenue was up 38.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share 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.