13,346 Shares in Sea Limited Sponsored ADR (NYSE:SE) Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SEFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,346 shares of the Internet company based in Singapore’s stock, valued at approximately $1,742,000.

A number of other hedge funds have also recently bought and sold shares of SE. Raymond James Financial Inc. acquired a new stake in SEA during the fourth quarter worth approximately $19,247,000. Townsquare Capital LLC boosted its position in SEA by 26.1% during the fourth quarter. Townsquare Capital LLC now owns 27,015 shares of the Internet company based in Singapore’s stock worth $2,866,000 after acquiring an additional 5,591 shares during the last quarter. Mariner LLC boosted its position in SEA by 3.8% during the fourth quarter. Mariner LLC now owns 37,637 shares of the Internet company based in Singapore’s stock worth $3,994,000 after acquiring an additional 1,386 shares during the last quarter. NewEdge Advisors LLC boosted its position in SEA by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 14,266 shares of the Internet company based in Singapore’s stock worth $1,514,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Wasatch Advisors LP boosted its position in SEA by 5.6% during the fourth quarter. Wasatch Advisors LP now owns 1,624,984 shares of the Internet company based in Singapore’s stock worth $172,411,000 after acquiring an additional 86,181 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Macquarie restated an “outperform” rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a research report on Tuesday. Barclays lifted their price target on shares of SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. 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. Finally, 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. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $172.33.

Check Out Our Latest Stock Analysis on SE

SEA Stock Performance

Shares of SE stock opened at $174.44 on Thursday. The company’s fifty day simple moving average is $156.54 and its 200-day simple moving average is $141.57. Sea Limited Sponsored ADR has a 52 week low of $75.67 and a 52 week high of $181.76. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18. The company has a market cap of $102.76 billion, a PE ratio of 90.38 and a beta of 1.58.

SEA (NYSE:SEGet 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 net margin of 6.23% and a return on equity of 14.17%. The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5 billion. During the same period in the prior year, the business posted $0.14 EPS. The business’s revenue was up 38.2% on a year-over-year basis. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

SEA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SEA (NYSE:SE)

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