Cullen Frost Bankers Inc. Has $63,000 Stock Holdings in Sea Limited Sponsored ADR $SE

Cullen Frost Bankers Inc. boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 49.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 394 shares of the Internet company based in Singapore’s stock after buying an additional 130 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in SEA were worth $63,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SE. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SEA by 2,082.7% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock worth $3,753,769,000 after buying an additional 27,448,779 shares in the last quarter. Jennison Associates LLC acquired a new position in SEA during the 1st quarter worth $336,521,000. Fred Alger Management LLC lifted its holdings in SEA by 144.6% during the 1st quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore’s stock worth $337,340,000 after buying an additional 1,528,301 shares in the last quarter. Scge Management L.P. lifted its holdings in SEA by 137.6% during the 1st quarter. Scge Management L.P. now owns 2,160,000 shares of the Internet company based in Singapore’s stock worth $281,858,000 after buying an additional 1,251,000 shares in the last quarter. Finally, Nuveen LLC acquired a new position in SEA during the 1st quarter worth $162,796,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SE. Arete Research downgraded SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. increased their price target on SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 11th. Zacks Research raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Sanford C. Bernstein cut their price target on SEA from $210.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Morgan Stanley set a $209.00 price target on SEA in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.66.

SEA Stock Performance

SE stock opened at $154.47 on Monday. The company has a market cap of $91.00 billion, a P/E ratio of 80.04 and a beta of 1.54. Sea Limited Sponsored ADR has a twelve month low of $92.50 and a twelve month high of $199.30. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $182.31 and its 200-day moving average is $161.94.

SEA (NYSE:SE) last issued its quarterly earnings data 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 analyst estimates of $5 billion. SEA had a return on equity of 13.66% and a net margin of 6.23%.The business’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current 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.