Vancity Investment Management Ltd Purchases New Position in Sea Limited Sponsored ADR $SE

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

Several other institutional investors have also recently added to or reduced their stakes in SE. Smithfield Trust Co acquired a new stake in shares of SEA during the 1st quarter worth about $25,000. Sava Infond d.o.o. acquired a new stake in SEA during the first quarter worth approximately $26,000. Tradewinds Capital Management LLC boosted its position 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 acquiring an additional 100 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in SEA in the 1st quarter worth approximately $28,000. Finally, Fifth Third Bancorp raised its holdings in SEA by 464.3% in 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 last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 0.4%

Shares of SE traded up $0.80 during trading hours on Wednesday, hitting $193.47. The stock had a trading volume of 2,483,453 shares, compared to its average volume of 3,734,781. The company's fifty day simple moving average is $167.27 and its 200 day simple moving average is $149.47. Sea Limited Sponsored ADR has a 12-month low of $76.38 and a 12-month high of $195.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a market cap of $113.98 billion, a P/E ratio of 100.24 and a beta of 1.53.

SEA (NYSE:SE - Get Free Report) last announced its quarterly 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 firm had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The business's revenue was up 38.2% compared to the same quarter last year. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SE. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Loop Capital reiterated a "buy" rating and issued a $190.00 target price (up 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 stock an "overweight" rating in a research note on Thursday, August 14th. Macquarie restated an "outperform" rating and issued a $219.90 price target (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Finally, Benchmark upped their price objective on shares of 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 given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.99.

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.