Sea Limited Sponsored ADR $SE Position Raised by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,970 shares of the Internet company based in Singapore’s stock after purchasing an additional 303 shares during the quarter. GAMMA Investing LLC’s holdings in SEA were worth $475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp raised its position in SEA by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 26,193 shares of the Internet company based in Singapore’s stock worth $2,779,000 after acquiring an additional 981 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of SEA by 7,468.2% in the 1st quarter. Versant Capital Management Inc now owns 1,665 shares of the Internet company based in Singapore’s stock worth $217,000 after purchasing an additional 1,643 shares during the last quarter. Wallace Advisory Group LLC bought a new stake in shares of SEA in the 1st quarter worth approximately $276,000. Merit Financial Group LLC lifted its stake in SEA by 181.6% during the first quarter. Merit Financial Group LLC now owns 8,355 shares of the Internet company based in Singapore’s stock valued at $1,090,000 after purchasing an additional 5,388 shares during the last quarter. Finally, RFG Advisory LLC bought a new stake in SEA during the first quarter worth approximately $1,282,000. Institutional investors own 59.53% of the company’s stock.

SEA Trading Down 0.1%

Shares of NYSE SE opened at $185.69 on Friday. 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 one year low of $92.50 and a one year high of $199.30. The business has a 50-day moving average price of $175.40 and a two-hundred day moving average price of $153.99. The firm has a market capitalization of $109.39 billion, a PE ratio of 96.21 and a beta of 1.53.

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 analysts’ consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion during 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%.SEA’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period last year, the company earned $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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Arete Research downgraded SEA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Loop Capital reaffirmed a “buy” rating and set a $190.00 target price (up from $165.00) on shares of SEA in a report on Thursday, May 29th. Arete cut SEA from a “buy” rating to a “neutral” rating and set a $177.00 price target on the stock. in a research note on Wednesday, September 3rd. Macquarie restated an “outperform” rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Finally, Barclays lifted their target price on shares of SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $176.85.

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.