Trexquant Investment LP Sells 27,883 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Trexquant Investment LP has decreased its holding in Sea Limited Sponsored ADR by 18.9%, selling 27,883 shares and now holds 119,552 shares valued at approximately $15.6 million.
• Various institutional investors have increased their stakes in Sea Limited, with Ieq Capital LLC, Causeway Capital Management LLC, and Caisse DE Depot ET Placement DU Quebec among those making significant purchases in the first quarter.
• Analysts have upgraded Sea Limited's stock ratings, with several setting higher price targets, reflecting increased confidence in the company's growth potential, especially following a reported 38.2% year-over-year revenue growth.

Trexquant Investment LP cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 18.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 119,552 shares of the Internet company based in Singapore's stock after selling 27,883 shares during the quarter. Trexquant Investment LP's holdings in SEA were worth $15,600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smithfield Trust Co acquired a new stake in SEA in the 1st quarter worth about $25,000. 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 boosted its stake in SEA by 100.0% during the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore's stock worth $26,000 after buying an additional 100 shares during the period. Inlight Wealth Management LLC purchased a new position in shares of SEA during the 1st quarter worth approximately $28,000. Finally, Fifth Third Bancorp boosted its holdings 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 acquiring an additional 195 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Wedbush lifted their target price on SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Macquarie reissued an "outperform" rating and set a $219.90 price objective (up from $178.20) on shares of SEA in a research report on Tuesday, August 12th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Arete downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective for the company. in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $173.99.

SEA Price Performance

Shares of NYSE SE traded up $0.83 during midday trading on Wednesday, reaching $179.61. The company's stock had a trading volume of 1,254,791 shares, compared to its average volume of 4,588,520. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $190.75. The company has a market cap of $105.81 billion, a price-to-earnings ratio of 93.08 and a beta of 1.53. The company has a 50 day moving average price of $163.17 and a 200 day moving average price of $147.26.

SEA (NYSE:SE - Get Free Report) last issued its 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 return on equity of 13.66% and a net margin of 6.23%.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 business earned $0.14 EPS. The business's quarterly revenue was up 38.2% on a year-over-year basis. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

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.