Sea Limited Sponsored ADR (NYSE:SE) Shares Purchased by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in Sea Limited Sponsored ADR by 392.1% during Q1, holding a total of 61,373 shares worth approximately $8 million.
• Other institutional investors such as OVERSEA CHINESE BANKING Corp Ltd have also significantly increased their positions in SEA, indicating strong institutional interest with over 59.53% of the stock held by such investors.
• Wall Street analysts have generally rated SEA positively, with several firms raising their price targets and an overall consensus rating of "Moderate Buy" with an average target of $159.82.

Victory Capital Management Inc. lifted its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 392.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,373 shares of the Internet company based in Singapore's stock after purchasing an additional 48,902 shares during the quarter. Victory Capital Management Inc.'s holdings in SEA were worth $8,009,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock worth $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Capital Research Global Investors increased its position in 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 acquiring an additional 1,325,183 shares during the period. FIL Ltd increased its position in SEA by 46.9% in the 4th quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore's stock valued at $279,158,000 after acquiring an additional 840,550 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of SEA by 713.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock worth $103,157,000 after buying an additional 693,336 shares during the period. Finally, Fred Alger Management LLC increased its position in shares of SEA by 100.3% during the fourth quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore's stock worth $112,135,000 after buying an additional 529,237 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SE shares. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Benchmark lifted their target price on shares of SEA from $150.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. Wedbush reaffirmed an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Loop Capital reiterated a "buy" rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, SEA has an average rating of "Moderate Buy" and an average target price of $159.82.

SEA Price Performance

SE traded down $0.13 during trading on Friday, reaching $157.74. 4,271,174 shares of the company traded hands, compared to its average volume of 4,177,266. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month high of $172.65. The company has a market cap of $92.92 billion, a P/E ratio of 111.06 and a beta of 1.60. The firm has a fifty day simple moving average of $158.34 and a 200 day simple moving average of $137.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.28). The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The business's revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

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.