65,820 Shares in Sea Limited Sponsored ADR $SE Purchased by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd purchased 65,820 shares of Sea Limited Sponsored ADR, investing approximately $8.59 million, making it the 29th biggest position in their portfolio.
• Analysts have raised their price targets for SEA, with Benchmark increasing it to $205 and Macquarie to $219.90, indicating positive sentiment around the stock.
• SEA reported revenue of $5.26 billion for the last quarter, a 38.2% increase year-over-year, though they missed EPS estimates with $0.65 earnings per share.

Vancity Investment Management Ltd bought a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 65,820 shares of the Internet company based in Singapore's stock, valued at approximately $8,589,000. SEA accounts for about 1.2% of Vancity Investment Management Ltd's investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of SE. Smithfield Trust Co purchased a new stake in SEA in the first quarter worth $25,000. Sava Infond d.o.o. purchased a new position in shares of SEA during the first quarter valued at $26,000. Tradewinds Capital Management LLC increased its stake in shares of 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 valued at $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 first quarter valued at $28,000. Finally, Fifth Third Bancorp increased its stake in shares of SEA by 464.3% during the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore's stock valued at $31,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 59.53% of the company's stock.

SEA Stock Down 0.1%

NYSE SE traded down $0.24 during trading on Friday, hitting $196.26. The company's stock had a trading volume of 3,048,989 shares, compared to its average volume of 3,519,849. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. The company has a market cap of $115.62 billion, a PE ratio of 101.69 and a beta of 1.53. The business's 50 day simple moving average is $169.15 and its 200-day simple moving average is $150.45. Sea Limited Sponsored ADR has a fifty-two week low of $78.51 and a fifty-two week 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 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.38). The business had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.SEA's revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. On average, equities analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SE shares. Loop Capital restated a "buy" rating and set a $190.00 price target (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Barclays raised their price target on SEA from $200.00 to $214.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. raised their price target on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Benchmark lifted their target price on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $176.85.

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.