Vestmark Advisory Solutions Inc. Has $1.42 Million Stake in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Sea Limited by 63.8%, owning 10,870 shares valued at approximately $1.42 million.
• Sea Limited recently reported $5.26 billion in revenue for its latest quarter, exceeding analyst estimates, despite missing earnings projections with an EPS of $0.65.
• Institutional investors hold 59.53% of Sea Limited's stock, with several prominent firms significantly increasing their positions in the company during the past year.

Vestmark Advisory Solutions Inc. boosted its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 63.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,870 shares of the Internet company based in Singapore's stock after purchasing an additional 4,232 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in SEA were worth $1,418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after buying an additional 27,448,779 shares in the last quarter. Capital Research Global Investors raised its position in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore's stock valued at $862,175,000 after buying an additional 1,325,183 shares in the last quarter. Kontiki Capital Management HK Ltd. raised its position in shares of SEA by 3.4% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 3,388,516 shares of the Internet company based in Singapore's stock valued at $442,167,000 after buying an additional 111,400 shares in the last quarter. Northern Trust Corp raised its position in shares of SEA by 12.6% in the 4th quarter. Northern Trust Corp now owns 2,946,347 shares of the Internet company based in Singapore's stock valued at $312,607,000 after buying an additional 329,881 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of SEA in the 1st quarter valued at approximately $336,521,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Trading Up 1.9%

SE opened at $177.29 on Friday. Sea Limited Sponsored ADR has a fifty-two week low of $75.67 and a fifty-two week high of $181.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.49. The firm has a market capitalization of $104.44 billion, a price-to-earnings ratio of 91.86 and a beta of 1.58. The company's 50 day moving average price is $156.85 and its two-hundred day moving average price is $142.52.

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. As a group, research analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

SE has been the topic of several research reports. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating and set a $214.00 price target (up from $200.00) on shares of SEA in a report on Thursday. Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target on the stock. in a report on Friday, May 9th. Loop Capital reaffirmed a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Finally, Wedbush lifted their price target on shares of SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SEA presently has an average rating of "Moderate Buy" and a consensus price target of $173.49.

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.

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.