Duncan Williams Asset Management LLC Takes $209,000 Position in Sea Limited Sponsored ADR $SE

Duncan Williams Asset Management LLC purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,308 shares of the Internet company based in Singapore’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SE. Smithfield Trust Co acquired a new position in SEA during the 1st quarter valued at about $25,000. ORG Partners LLC grew its holdings in SEA by 552.0% during the 2nd quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after acquiring an additional 138 shares during the period. Sava Infond d.o.o. bought a new stake in shares of SEA during the 1st quarter valued at $26,000. Tradewinds Capital Management LLC raised its position in shares of 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 acquiring an additional 100 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in shares of SEA in the 1st quarter valued at $28,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SE has been the subject of a number of recent analyst reports. Wedbush upped their price objective on SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Macquarie reaffirmed an “outperform” rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Arete Research lowered shares of SEA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Barclays upped their target price on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Finally, Benchmark lifted their price target on shares of SEA from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and an average target price of $176.85.

SEA Stock Performance

SE opened at $189.89 on Tuesday. The business’s 50-day simple moving average is $178.85 and its 200 day simple moving average is $157.12. Sea Limited Sponsored ADR has a 52-week low of $92.50 and a 52-week high of $199.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a market capitalization of $111.87 billion, a PE ratio of 98.39 and a beta of 1.54.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. As a group, sell-side analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

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.