Tokio Marine Asset Management Co. Ltd. Boosts Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Sea Limited by 31.0%, owning 26,335 shares worth approximately $3.4 million after acquiring an additional 6,235 shares.
• Several institutional investors are also significantly increasing their holdings in Sea Limited, with OVERSEA CHINESE BANKING Corp Ltd. boosting its position by a remarkable 2,082.7%.
• Sea Limited reported a net margin of 6.23% for the recent quarter, despite missing earnings expectations of $1.03 EPS, reporting only $0.65 EPS instead.

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 31.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,335 shares of the Internet company based in Singapore's stock after purchasing an additional 6,235 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in SEA were worth $3,436,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after acquiring an additional 27,448,779 shares in the last quarter. Capital Research Global Investors increased its position in shares of SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock worth $862,175,000 after acquiring an additional 1,325,183 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its position in shares of SEA by 3.4% in the first quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock worth $442,167,000 after acquiring an additional 111,400 shares in the last quarter. Northern Trust Corp increased its position in shares of SEA by 12.6% in the fourth quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock worth $312,607,000 after acquiring an additional 329,881 shares in the last quarter. Finally, Jennison Associates LLC acquired a new stake in shares of SEA in the first quarter worth $336,521,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Trading Up 0.2%

NYSE SE opened at $174.44 on Thursday. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $181.76. The company has a 50-day simple moving average of $156.54 and a 200-day simple moving average of $141.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The firm has a market capitalization of $102.76 billion, a PE ratio of 90.38 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 14.17%. The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the firm posted $0.14 earnings per share. The company's quarterly revenue was up 38.2% on a year-over-year basis. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SE. Benchmark raised their price target on shares of SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday. Macquarie reaffirmed an "outperform" rating and set a $219.90 price target (up from $178.20) on shares of SEA in a report on Tuesday. Barclays raised their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Finally, Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $172.33.

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.

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