Vident Advisory LLC Acquires 3,922 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Vident Advisory LLC increased its stake in Sea Limited by 10.4%, now holding 41,635 shares worth approximately $5.43 million.
• Sea Limited reported a net margin of 6.23% and a revenue of $5.26 billion for the latest quarter, exceeding expectations despite missing EPS estimates.
• Several brokerages have adjusted their ratings for SEA, with Macquarie raising their price target to $219.90 and Barclays increasing theirs to $214.00, following recent earnings announcements.

Vident Advisory LLC grew its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,635 shares of the Internet company based in Singapore's stock after buying an additional 3,922 shares during the quarter. Vident Advisory LLC's holdings in SEA were worth $5,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Smithfield Trust Co acquired a new position in shares of SEA in the 1st quarter valued at about $25,000. Sava Infond d.o.o. acquired a new stake in SEA during the 1st quarter worth about $26,000. Tradewinds Capital Management LLC raised its stake 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 valued at $26,000 after purchasing an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of SEA during the first quarter worth approximately $28,000. Finally, Fifth Third Bancorp raised its holdings 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 worth $31,000 after acquiring an additional 195 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

SEA stock traded up $8.88 during midday trading on Thursday, reaching $189.86. The company's stock had a trading volume of 3,132,231 shares, compared to its average volume of 4,588,654. The stock has a market cap of $111.85 billion, a PE ratio of 98.34 and a beta of 1.53. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 52 week low of $75.91 and a 52 week high of $190.75. The business has a 50-day moving average price of $163.68 and a 200-day moving average price of $147.49.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The company's revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of SEA from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Wedbush upped their price target on SEA from $170.00 to $200.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Barclays upped their price target 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 target price for the company. in a research report on Friday, May 9th. Finally, Arete downgraded SEA from a "buy" rating to a "neutral" rating and set a $177.00 price objective on the stock. in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.99.

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.