Sea Limited Sponsored ADR $SE Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company cut its holdings in Sea Limited by 69.4%, selling 806,400 shares, and now owns about 0.06% of the company valued at $46.29 million.
• After reporting $0.65 EPS for the last quarter, Sea Limited missed consensus estimates of $1.03, although it achieved a revenue of $5.26 billion, exceeding expectations.
• Analysts have mixed ratings on Sea Limited, with recent upgrades setting a target price as high as $219.90, while Bank of America downgraded it to "neutral" with a target of $160.00.

The Manufacturers Life Insurance Company trimmed its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 69.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,731 shares of the Internet company based in Singapore's stock after selling 806,400 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of SEA worth $46,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Smithfield Trust Co purchased a new stake in SEA during the 1st quarter valued at about $25,000. Sava Infond d.o.o. purchased a new stake in SEA during the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC grew 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 purchased a new stake in SEA during the 1st quarter valued at about $28,000. Finally, Fifth Third Bancorp grew 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 valued at $31,000 after purchasing an additional 195 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Price Performance

Shares of SEA stock traded up $8.59 during mid-day trading on Thursday, reaching $189.57. 3,967,095 shares of the stock traded hands, compared to its average volume of 4,594,945. The business has a 50-day moving average of $163.68 and a 200 day moving average of $147.49. Sea Limited Sponsored ADR has a fifty-two week low of $75.91 and a fifty-two week high of $190.75. The stock has a market capitalization of $111.68 billion, a PE ratio of 98.22 and a beta of 1.53. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 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 firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same period in the previous year, the company earned $0.14 EPS. SEA's revenue was up 38.2% compared to the same quarter last year. On average, analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded 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 research note on Tuesday, May 13th. Wedbush upped their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Benchmark upped their target price on SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.99.

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.