Thornburg Investment Management Inc. Lowers Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Thornburg Investment Management Inc. reduced its stake in Sea Limited by 2.5%, now holding 369,689 shares valued at approximately $48.24 million.
• Sea Limited reported a quarterly revenue of $4.84 billion, a 29.6% increase year-over-year, but missed analysts' EPS estimates.
• Analysts have given Sea Limited a "Moderate Buy" rating with a target price range of $150 to $200, reflecting positive sentiment in the investment community.

Thornburg Investment Management Inc. reduced its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,689 shares of the Internet company based in Singapore's stock after selling 9,302 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.06% of SEA worth $48,241,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sava Infond d.o.o. acquired a new position in shares of SEA in the 1st quarter valued at $26,000. Tradewinds Capital Management LLC lifted its stake in shares of SEA by 100.0% in 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 acquired a new position in shares of SEA in the 1st quarter valued at $28,000. Fifth Third Bancorp lifted its stake in shares of SEA by 464.3% in 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. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of SEA in the 1st quarter valued at $34,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reaffirmed 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 increased their price target on SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Benchmark increased their price target on SEA from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $159.82.

SEA Stock Performance

NYSE:SE traded down $2.44 during mid-day trading on Friday, reaching $154.21. 2,767,347 shares of the stock were exchanged, compared to its average volume of 4,553,600. The company has a 50 day simple moving average of $158.12 and a 200-day simple moving average of $139.04. The stock has a market capitalization of $90.85 billion, a P/E ratio of 108.60 and a beta of 1.60. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 1 year low of $55.00 and a 1 year high of $172.65.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) 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 company's quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. Analysts anticipate 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.