American Century Companies Inc. Boosts Stock Holdings in Sea Limited Sponsored ADR $SE

American Century Companies Inc. lifted its position in Sea Limited Sponsored ADR (NYSE:SE) by 119.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,947 shares of the Internet company based in Singapore’s stock after buying an additional 181,416 shares during the quarter. American Century Companies Inc.’s holdings in SEA were worth $43,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SE. Smithfield Trust Co purchased a new stake in shares of SEA in the first quarter worth about $25,000. Sava Infond d.o.o. purchased a new stake in shares of SEA in the first quarter worth about $26,000. Tradewinds Capital Management LLC lifted its holdings in shares of SEA by 100.0% in the first quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of SEA in the first quarter worth about $28,000. Finally, Fifth Third Bancorp lifted its holdings in shares of SEA by 464.3% in the first quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock worth $31,000 after buying an additional 195 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SE shares. Loop Capital reissued a “buy” rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Wedbush raised their target price on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of SEA from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Finally, Barclays raised their target price on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.49.

SEA Trading Down 0.3%

SE stock opened at $178.7530 on Thursday. The company has a market capitalization of $105.31 billion, a PE ratio of 92.62 and a beta of 1.58. Sea Limited Sponsored ADR has a one year low of $75.67 and a one year high of $181.76. The company’s 50 day moving average price is $158.02 and its two-hundred day moving average price is $143.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing the consensus estimate 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 return on equity of 13.66% and a net margin of 6.23%.The company’s revenue was up 38.2% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. As a group, analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

SEA 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.