Sea Limited Sponsored ADR (NYSE:SE) Stock Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in Sea Limited Sponsored ADR (NYSE:SE) by 31.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,335 shares of the Internet company based in Singapore’s stock after acquiring an additional 6,235 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in SEA were worth $3,436,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SE. Triglav Skladi D.O.O. purchased a new stake in SEA in the 1st quarter worth approximately $3,132,000. National Pension Service grew its stake in SEA by 57.4% in the 1st quarter. National Pension Service now owns 835,228 shares of the Internet company based in Singapore’s stock valued at $108,989,000 after buying an additional 304,580 shares during the last quarter. Resona Asset Management Co. Ltd. grew its stake in SEA by 5.8% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 110,356 shares of the Internet company based in Singapore’s stock valued at $14,403,000 after buying an additional 6,034 shares during the last quarter. Stone House Investment Management LLC acquired a new position in SEA in the 1st quarter valued at $39,000. Finally, HighTower Advisors LLC boosted its holdings in SEA by 9.5% in the 1st quarter. HighTower Advisors LLC now owns 53,664 shares of the Internet company based in Singapore’s stock valued at $7,003,000 after purchasing an additional 4,676 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of SE opened at $174.44 on Thursday. Sea Limited Sponsored ADR has a 12 month low of $75.67 and a 12 month high of $181.76. The firm has a fifty day simple moving average of $156.54 and a 200 day simple moving average of $141.57. The stock has a market capitalization of $102.76 billion, a price-to-earnings ratio of 90.38 and a beta of 1.58. The company has a current ratio of 1.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.18.

SEA (NYSE:SE) last announced its 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). SEA had a return on equity of 14.17% and a net margin of 6.23%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on SE shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of SEA in a report on Wednesday, May 14th. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Macquarie reiterated an “outperform” rating and set a $219.90 target price (up from $178.20) on shares of SEA in a research report on Tuesday. Bank of America lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Friday, May 9th. Finally, Barclays lifted their price target on shares of SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.33.

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.