Sea Limited Sponsored ADR (NYSE:SE) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 242.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,399 shares of the Internet company based in Singapore's stock after acquiring an additional 10,197 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in SEA were worth $1,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SE. Cambridge Investment Research Advisors Inc. increased its holdings in SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore's stock valued at $2,272,000 after buying an additional 5,153 shares during the period. Sequoia Financial Advisors LLC grew its holdings in SEA by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore's stock worth $461,000 after purchasing an additional 279 shares during the last quarter. Brucke Financial Inc. purchased a new position in SEA in the fourth quarter worth $211,000. Sowell Financial Services LLC purchased a new position in SEA in the first quarter worth $216,000. Finally, Assenagon Asset Management S.A. grew its holdings in SEA by 10.9% in the first quarter. Assenagon Asset Management S.A. now owns 4,839 shares of the Internet company based in Singapore's stock worth $631,000 after purchasing an additional 476 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SE shares. JPMorgan Chase & Co. raised shares of SEA from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Bank of America downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $160.00 price objective for the company. in a research note on Friday, May 9th. Wedbush reiterated an "outperform" rating on shares of SEA in a research note on Wednesday, May 14th. Loop Capital restated 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, Wall Street Zen downgraded shares of SEA from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.82.

SEA Trading Up 0.2%

NYSE SE traded up $0.30 on Friday, reaching $158.17. The stock had a trading volume of 3,009,695 shares, compared to its average volume of 4,606,487. The firm has a market capitalization of $93.18 billion, a price-to-earnings ratio of 111.23 and a beta of 1.60. The company has a quick ratio of 1.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.18. Sea Limited Sponsored ADR has a 12-month low of $55.00 and a 12-month high of $172.65. The stock has a fifty day moving average price of $158.42 and a two-hundred day moving average price of $137.28.

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

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.