Andra AP fonden Raises Position in Sea Limited Sponsored ADR $SE

Andra AP fonden raised its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 33.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,900 shares of the Internet company based in Singapore’s stock after acquiring an additional 33,900 shares during the period. Andra AP fonden’s holdings in SEA were worth $21,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in SEA by 39.7% in the first quarter. Principal Financial Group Inc. now owns 162,286 shares of the Internet company based in Singapore’s stock valued at $21,177,000 after purchasing an additional 46,085 shares in the last quarter. TD Private Client Wealth LLC raised its stake in SEA by 67.6% in the first quarter. TD Private Client Wealth LLC now owns 1,679 shares of the Internet company based in Singapore’s stock valued at $219,000 after purchasing an additional 677 shares in the last quarter. Callan Capital LLC purchased a new stake in shares of SEA during the 1st quarter valued at $236,000. Greenleaf Trust raised its position in shares of SEA by 2.8% during the 1st quarter. Greenleaf Trust now owns 4,210 shares of the Internet company based in Singapore’s stock valued at $549,000 after buying an additional 116 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of SEA by 755.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $44,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Up 0.8%

SE opened at $157.80 on Thursday. The company has a market cap of $92.96 billion, a P/E ratio of 81.76 and a beta of 1.55. The business’s 50-day moving average price is $178.34 and its 200-day moving average price is $164.09. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. Sea Limited Sponsored ADR has a 12 month low of $92.71 and a 12 month high of $199.30.

SEA (NYSE:SE) last posted 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 the consensus estimate 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 return on equity of 13.66% and a net margin of 6.23%.SEA’s revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. On average, equities analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

SE has been the topic of several research reports. Zacks Research upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Sanford C. Bernstein lowered their price target on SEA from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley set a $209.00 price target on SEA in a research report on Wednesday, October 22nd. Bank of America raised SEA from a “neutral” rating to a “buy” rating and raised their price objective for the company from $206.00 to $215.00 in a report on Thursday, October 16th. Finally, Wedbush raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $183.66.

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.