Advisors Asset Management Inc. Lowers Stake in Sea Limited Sponsored ADR $SE

Advisors Asset Management Inc. lowered its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 5.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,646 shares of the Internet company based in Singapore’s stock after selling 94 shares during the period. Advisors Asset Management Inc.’s holdings in SEA were worth $215,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SE. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SEA by 2,082.7% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Jennison Associates LLC purchased a new position in SEA during the first quarter valued at approximately $336,521,000. Nuveen LLC purchased a new position in SEA during the first quarter valued at approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in SEA by 713.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore’s stock valued at $103,157,000 after purchasing an additional 693,336 shares in the last quarter. Finally, AGF Management Ltd. raised its stake in SEA by 171.3% during the 1st 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 during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SE. JPMorgan Chase & Co. lifted their target price on SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their target price on shares of SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Wedbush boosted their target price on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Macquarie reissued an “outperform” rating and issued a $219.90 target price (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Finally, Arete downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $177.00 target price on the stock. in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $176.85.

SEA Price Performance

SEA stock opened at $196.55 on Friday. The company has a market cap of $115.79 billion, a price-to-earnings ratio of 101.84 and a beta of 1.53. The firm’s fifty day moving average is $168.21 and its 200 day moving average is $149.95. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 52-week low of $78.51 and a 52-week high of $199.30.

SEA (NYSE:SE) last released its quarterly earnings results 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). The business had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. SEA’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 EPS. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS 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.