TT International Asset Management LTD acquired a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,421 shares of the Internet company based in Singapore's stock, valued at approximately $577,000.
Other large investors have also made changes to their positions in the company. Private Trust Co. NA raised its position in SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore's stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Fifth Third Bancorp raised its position in SEA by 464.3% in the first 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 in the last quarter. Kestra Investment Management LLC acquired a new position in SEA in the fourth quarter worth about $34,000. Farther Finance Advisors LLC raised its position in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 112 shares in the last quarter. Finally, Banque Transatlantique SA acquired a new position in SEA in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 59.53% of the company's stock.
Analyst Upgrades and Downgrades
SE has been the subject of several recent research reports. Jefferies Financial Group increased their price target on shares of SEA from $131.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Wall Street Zen raised shares of SEA from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, UBS Group raised their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $147.15.
Read Our Latest Stock Analysis on SE
SEA Price Performance
Shares of SE traded down $2.20 during mid-day trading on Friday, hitting $153.49. 3,172,338 shares of the company traded hands, compared to its average volume of 4,436,135. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $148.25 and a 200 day moving average of $130.05. The stock has a market capitalization of $90.42 billion, a price-to-earnings ratio of 108.09 and a beta of 1.64.
SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). SEA had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the business posted ($0.04) earnings per share. SEA's revenue was up 29.6% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.
SEA Profile
(
Free Report)
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.
See Also
Before you consider SEA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SEA wasn't on the list.
While SEA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
