Sea Limited Sponsored ADR (NYSE:SE) Stock Position Increased by Cerity Partners LLC

Cerity Partners LLC grew its position in Sea Limited Sponsored ADR (NYSE:SE) by 16.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,382 shares of the Internet company based in Singapore’s stock after buying an additional 3,179 shares during the period. Cerity Partners LLC’s holdings in SEA were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock worth $39,000 after buying an additional 112 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of SEA by 46.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,664 shares of the Internet company based in Singapore’s stock valued at $1,980,000 after acquiring an additional 5,918 shares during the period. Corient Private Wealth LLC raised its holdings in SEA by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 7,619 shares of the Internet company based in Singapore’s stock worth $808,000 after purchasing an additional 662 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in SEA by 114.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,682 shares of the Internet company based in Singapore’s stock worth $1,838,000 after purchasing an additional 9,973 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in SEA during the 4th quarter valued at $94,000. Institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. Bank of America lowered SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Benchmark lifted their price objective on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Four equities 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $153.17.

SEA Stock Up 0.8%

NYSE:SE opened at $168.48 on Friday. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65. The firm has a market capitalization of $99.25 billion, a price-to-earnings ratio of 118.65 and a beta of 1.60. 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 business’s fifty day moving average price is $158.33 and its 200 day moving average price is $135.89.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 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 business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) EPS. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal 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.