Sea Limited Sponsored ADR (NYSE:SE) Shares Sold by Trivest Advisors Ltd

Key Points

• Trivest Advisors Ltd reduced its stake in Sea Limited Sponsored ADR by 9.9% in Q1, holding 640,000 shares worth approximately $83.51 million, which is about 7.1% of its investment portfolio.
• Sea Limited reported a Q1 EPS of $0.65, missing analyst expectations and experiencing a 29.6% increase in revenue year-over-year, totaling $4.84 billion.
• Several institutional investors increased their holdings in Sea Limited, with the company now having 59.53% of its stock owned by institutional investors.

Trivest Advisors Ltd cut its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 640,000 shares of the Internet company based in Singapore's stock after selling 70,000 shares during the quarter. SEA comprises 7.1% of Trivest Advisors Ltd's holdings, making the stock its 6th biggest position. Trivest Advisors Ltd owned approximately 0.11% of SEA worth $83,514,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SE. Sava Infond d.o.o. acquired a new position in SEA during the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC grew 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 worth $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 worth approximately $28,000. Fifth Third Bancorp grew 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 worth $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 worth approximately $34,000. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Down 1.6%

Shares of SE stock traded down $2.48 during trading on Friday, hitting $154.17. 2,034,045 shares of the company were exchanged, compared to its average volume of 4,547,473. 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 $90.82 billion, a price-to-earnings ratio of 108.68 and a beta of 1.60. The business's 50-day simple moving average is $158.12 and its 200 day simple moving average is $139.04. Sea Limited Sponsored ADR has a twelve month low of $55.00 and a twelve month high of $172.65.

SEA (NYSE:SE - Get Free Report) last posted its 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 business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. SEA's revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. As a group, analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Wedbush reissued an "outperform" rating on shares of SEA in a research report on Wednesday, May 14th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Finally, Loop Capital reissued a "buy" rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $159.82.

About SEA

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.