XTX Topco Ltd Purchases New Position in Sea Limited Sponsored ADR (NYSE:SE)

Key Points

• XTX Topco Ltd has made a new investment in Sea Limited, purchasing 2,085 shares valued at approximately $272,000 during the 1st quarter of 2023.
• Several institutional investors have increased their holdings in Sea Limited, with Harvest Fund Management raising its stake by 68.5% in the same quarter.
• Sea Limited reported $0.65 EPS for the last quarter, which was below analysts' expectations of $0.93 EPS, despite a 29.6% increase in revenue year-over-year.

XTX Topco Ltd acquired a new stake in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,085 shares of the Internet company based in Singapore's stock, valued at approximately $272,000.

Several other large investors also recently added to or reduced their stakes in SE. Sava Infond d.o.o. purchased a new position in SEA during the 1st quarter valued at about $26,000. Tradewinds Capital Management LLC lifted its position in shares of 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 valued at $26,000 after buying an additional 100 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of SEA during the first quarter valued at about $28,000. Fifth Third Bancorp lifted its position 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 valued at $31,000 after buying an additional 195 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of SEA during the first quarter valued at about $34,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Stock Performance

Shares of SE traded up $0.32 during mid-day trading on Wednesday, reaching $174.44. The company had a trading volume of 7,749,298 shares, compared to its average volume of 5,048,283. Sea Limited Sponsored ADR has a 52-week low of $75.67 and a 52-week high of $181.76. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $102.76 billion, a P/E ratio of 90.38 and a beta of 1.58. The stock has a 50 day moving average of $156.54 and a two-hundred day moving average of $141.57.

SEA (NYSE:SE - Get Free Report) last issued its earnings results 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 return on equity of 14.17% and a net margin of 6.23%. The company had revenue of $5.26 billion during the quarter, compared to analysts' expectations of $5 billion. During the same quarter in the previous year, the company earned $0.14 EPS. The firm's quarterly revenue was up 38.2% compared to the same quarter last year. On average, analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

SE has been the subject of several analyst reports. Barclays increased their price target on shares of SEA from $182.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Wall Street Zen lowered shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and increased their price target for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Loop Capital reissued a "buy" rating and set a $190.00 price target (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. Finally, Bank of America lowered shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price target for the company. in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.33.

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.