Dorsey Wright & Associates Has $2.24 Million Stock Holdings in Sea Limited Sponsored ADR $SE

Dorsey Wright & Associates trimmed its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 38.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,008 shares of the Internet company based in Singapore’s stock after selling 8,680 shares during the period. Dorsey Wright & Associates’ holdings in SEA were worth $2,240,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SE. Fred Alger Management LLC grew its stake in SEA by 144.6% during the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock valued at $337,340,000 after acquiring an additional 1,528,301 shares in the last quarter. Scge Management L.P. lifted its position in shares of SEA by 137.6% in the first quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock worth $281,858,000 after purchasing an additional 1,251,000 shares in the last quarter. Nuveen LLC acquired a new stake in shares of SEA during the first quarter worth approximately $162,796,000. AGF Management Ltd. grew its position in SEA by 171.3% during the first quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore’s stock valued at $128,252,000 after purchasing an additional 620,587 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in SEA by 2,751.0% in the 1st quarter. Driehaus Capital Management LLC now owns 637,544 shares of the Internet company based in Singapore’s stock valued at $83,193,000 after buying an additional 615,182 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Up 1.1%

SEA stock opened at $147.37 on Wednesday. Sea Limited Sponsored ADR has a one year low of $99.50 and a one year high of $199.30. The company’s fifty day moving average price is $171.09 and its two-hundred day moving average price is $165.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42. The company has a market capitalization of $86.82 billion, a price-to-earnings ratio of 64.64 and a beta of 1.55.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.52). The company had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.63 billion. SEA had a return on equity of 15.19% and a net margin of 6.80%.The business’s revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. On average, analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

SEA declared that its board has approved a share buyback plan on Monday, November 17th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SE shares. Macquarie reissued an “outperform” rating and set a $219.90 target price (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. TD Cowen reduced their price objective on SEA from $165.00 to $144.00 and set a “hold” rating for the company in a research report on Monday, November 10th. Phillip Securities raised SEA from a “hold” rating to a “strong-buy” rating in a research report on Sunday. Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, SEA currently has an average rating of “Moderate Buy” and a consensus target price of $193.64.

SEA Company 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.