992 Shares in Sea Limited Sponsored ADR (NYSE:SE) Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. bought a new stake in Sea Limited Sponsored ADR (NYSE:SE) during the first quarter, HoldingsChannel reports. The fund bought 992 shares of the Internet company based in Singapore’s stock, valued at approximately $129,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SE. AssuredPartners Investment Advisors LLC purchased a new position in shares of SEA during the first quarter worth $413,000. Asset Management One Co. Ltd. grew its position in SEA by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 261,264 shares of the Internet company based in Singapore’s stock worth $34,092,000 after purchasing an additional 8,942 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of SEA during the 1st quarter valued at about $365,000. Oppenheimer Asset Management Inc. raised its stake in shares of SEA by 13.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 74,924 shares of the Internet company based in Singapore’s stock valued at $9,777,000 after buying an additional 8,749 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of SEA by 42.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore’s stock valued at $2,272,000 after buying an additional 5,153 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $135.00 to $190.00 in a research report on Tuesday, May 13th. Bank of America downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a report on Friday, May 9th. Loop Capital reissued 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. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 price target on shares of SEA in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a research note on Sunday. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus price target of $147.15.

SEA Trading Up 0.1%

Shares of SEA stock opened at $153.58 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $148.94 and its 200-day simple moving average is $130.49. The stock has a market cap of $90.48 billion, a P/E ratio of 108.16 and a beta of 1.64. Sea Limited Sponsored ADR has a 1-year low of $55.00 and a 1-year high of $172.65.

SEA (NYSE:SE) last announced its quarterly earnings data 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 company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. SEA had a return on equity of 10.74% and a net margin of 4.87%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. Analysts predict 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.