Strs Ohio bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 53,415 shares of the Internet company based in Singapore’s stock, valued at approximately $6,970,000.
Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of SEA by 42.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore’s stock worth $2,272,000 after purchasing an additional 5,153 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of SEA by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore’s stock worth $461,000 after purchasing an additional 279 shares during the period. Zurich Insurance Group Ltd FI increased its stake in SEA by 4.7% in the first quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore’s stock valued at $23,071,000 after acquiring an additional 7,870 shares during the last quarter. Brucke Financial Inc. bought a new position in SEA in the fourth quarter valued at approximately $211,000. Finally, Sowell Financial Services LLC bought a new position in SEA in the first quarter valued at approximately $216,000. 59.53% of the stock is owned by institutional investors.
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Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a research note on Saturday. Loop Capital reaffirmed a “buy” rating and set a $190.00 target price (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of SEA from $208.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday. Arete Research lowered shares of SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Finally, Wedbush boosted their target price on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $176.85.
View Our Latest Stock Report on SEA
SEA Trading Down 0.1%
Shares of SE stock opened at $196.26 on Monday. Sea Limited Sponsored ADR has a 52-week low of $78.51 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 company has a 50-day simple moving average of $169.15 and a two-hundred day simple moving average of $150.77. The company has a market capitalization of $115.62 billion, a price-to-earnings ratio of 101.69 and a beta of 1.53.
SEA (NYSE:SE – Get Free Report) last released its earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm’s revenue was up 38.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. Research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.
SEA Profile
(Free Report)
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.
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