Vanguard Group Inc. Purchases 3,647 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Vanguard Group Inc. increased its stake in Sea Limited by 0.4%, owning a total of 873,400 shares worth approximately $113.97 million.
• Several institutional investors, including Fifth Third Bancorp, have also recently adjusted their positions in Sea Limited's stock, indicating growing interest among large investors.
• Sea Limited reported quarterly earnings of $0.65 per share, missing analysts' expectations, but recorded a 38.2% increase in revenue year-over-year, bringing it to $5.26 billion.

Vanguard Group Inc. lifted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 873,400 shares of the Internet company based in Singapore's stock after acquiring an additional 3,647 shares during the period. Vanguard Group Inc. owned approximately 0.15% of SEA worth $113,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SE. Smithfield Trust Co acquired a new position in SEA during the 1st quarter worth approximately $25,000. Sava Infond d.o.o. acquired a new position in SEA during the 1st quarter worth approximately $26,000. Tradewinds Capital Management LLC increased its position in SEA by 100.0% during 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 in the last quarter. Inlight Wealth Management LLC acquired a new position in SEA during the 1st quarter worth approximately $28,000. Finally, Fifth Third Bancorp increased its position in SEA by 464.3% during 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 in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Trading Up 0.5%

NYSE:SE opened at $179.5620 on Friday. The firm's fifty day moving average is $158.53 and its 200-day moving average is $143.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $181.76. The firm has a market cap of $105.78 billion, a P/E ratio of 93.04 and a beta of 1.58.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.23% and a return on equity of 13.66%. The firm 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 company posted $0.14 earnings per share. The company's revenue for the quarter was up 38.2% compared to the same quarter last year. Equities analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark upped their price objective 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. Barclays upped their price objective on shares of SEA from $200.00 to $214.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Bank of America cut shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research report on Friday, May 9th. JPMorgan Chase & Co. upgraded shares of SEA from a "neutral" rating to an "overweight" rating and upped their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Finally, Wedbush upped their price target on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $173.49.

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.

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