UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 644,472 Shares of Sea Limited Sponsored ADR $SE

Key Points

• UBS AM reduced its stake in Sea Limited Sponsored ADR by 29.1%, holding approximately $205.35 million worth of shares as of the latest SEC filing.
• Sea Limited reported earnings of $0.65 per share for the last quarter, which missed analysts' estimates of $1.03, despite a revenue increase of 38.2% year-over-year.
• Equities analysts have raised price targets for Sea Limited, with JPMorgan increasing theirs from $208.00 to $230.00, while maintaining an "overweight" rating on the stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,573,657 shares of the Internet company based in Singapore's stock after selling 644,472 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.27% of SEA worth $205,347,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its stake in SEA by 42.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock worth $2,272,000 after purchasing an additional 5,153 shares during the period. Sequoia Financial Advisors LLC grew its holdings in SEA by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after acquiring an additional 279 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in shares of SEA by 4.7% in the first quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore's stock valued at $23,071,000 after acquiring an additional 7,870 shares during the period. Brucke Financial Inc. bought a new position in shares of SEA during the fourth quarter valued at about $211,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of SEA during the first quarter worth about $216,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Macquarie restated an "outperform" rating and set a $219.90 price target (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Wall Street Zen downgraded SEA from a "buy" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. raised their price target on SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday. Arete downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a research report on Wednesday, September 3rd. Finally, Benchmark raised their target price on shares of SEA from $180.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.85.

SEA Stock Down 2.8%

Shares of SE stock traded down $5.43 during mid-day trading on Monday, reaching $190.62. 3,214,896 shares of the company's stock traded hands, compared to its average volume of 4,548,857. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The company's 50-day moving average price is $169.15 and its 200-day moving average price is $150.77. The company has a market cap of $112.30 billion, a P/E ratio of 98.77 and a beta of 1.53. Sea Limited Sponsored ADR has a 12 month low of $78.51 and a 12 month high of $199.30.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The business's revenue for the quarter was up 38.2% compared to the same quarter last year. On average, equities analysts expect 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.