Sea Limited Sponsored ADR (NYSE:SE) Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Sea Limited by 90.1%, acquiring an additional 229,269 shares, bringing its total to 483,711 shares valued at approximately $63.12 million.
• Various institutional investors, including OVERSEA CHINESE BANKING Corp Ltd and Mirae Asset Global Investments, have significantly raised their holdings in Sea Limited, indicating increased confidence in the company's performance.
• Sea Limited’s stock was recently rated with a consensus of "Moderate Buy" and a target price of $159.82, with recent shifts in stock ratings from several analysts reflecting mixed views on its future performance.

TD Asset Management Inc lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 90.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 483,711 shares of the Internet company based in Singapore's stock after acquiring an additional 229,269 shares during the period. TD Asset Management Inc owned approximately 0.08% of SEA worth $63,119,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of SEA by 42.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC increased its holdings in SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock valued at $461,000 after buying an additional 279 shares during the last quarter. Brucke Financial Inc. purchased a new stake in shares of SEA in the fourth quarter worth $211,000. Sowell Financial Services LLC bought a new position in shares of SEA during the first quarter worth $216,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of SEA by 10.9% during the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after acquiring an additional 476 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Trading Down 0.2%

NYSE SE traded down $0.28 during trading hours on Tuesday, reaching $160.47. The company had a trading volume of 2,030,521 shares, compared to its average volume of 4,583,563. The stock has a market capitalization of $94.53 billion, a P/E ratio of 113.00 and a beta of 1.60. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $158.31 and a 200 day moving average of $138.40.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.28). The firm had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The firm's quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) earnings per share. As a group, research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of research reports. Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Sanford C. Bernstein reissued an "outperform" rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Barclays boosted their price target on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, Benchmark boosted their price target on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SEA has an average rating of "Moderate Buy" and an average price target of $159.82.

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.