Bessemer Group Inc. Buys 779 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Bessemer Group Inc. grew its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 2.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,148 shares of the Internet company based in Singapore’s stock after buying an additional 779 shares during the period. Bessemer Group Inc.’s holdings in SEA were worth $5,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in SEA in the fourth quarter worth $1,493,682,000. Capital Research Global Investors increased its position in SEA by 19.5% in the fourth quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock worth $862,175,000 after purchasing an additional 1,325,183 shares during the last quarter. FIL Ltd increased its position in SEA by 46.9% in the fourth quarter. FIL Ltd now owns 2,631,081 shares of the Internet company based in Singapore’s stock worth $279,158,000 after purchasing an additional 840,550 shares during the last quarter. Trivest Advisors Ltd increased its position in SEA by 1,083.3% in the fourth quarter. Trivest Advisors Ltd now owns 710,000 shares of the Internet company based in Singapore’s stock worth $75,331,000 after purchasing an additional 650,000 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in SEA by 32.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,233,158 shares of the Internet company based in Singapore’s stock worth $236,928,000 after purchasing an additional 547,509 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $135.00 to $190.00 in a research report on Tuesday, May 13th. Bank of America cut shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Friday, May 9th. Phillip Securities upgraded shares of SEA from a “moderate sell” rating to a “hold” rating in a research report on Friday, March 7th. Barclays boosted their price objective 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. Finally, Loop Capital reiterated a “buy” rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a research report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average target price of $147.15.

SEA Trading Up 0.5%

NYSE SE opened at $159.38 on Friday. The company’s 50-day moving average price is $151.97 and its 200-day moving average price is $131.49. 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 stock has a market cap of $93.89 billion, a PE ratio of 112.24 and a beta of 1.64. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). SEA had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the company earned ($0.04) earnings per share. The firm’s revenue was up 29.6% compared to the same quarter last year. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

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.