Assenagon Asset Management S.A. Purchases 476 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Assenagon Asset Management S.A. increased its position in Sea Limited Sponsored ADR (NYSE:SE) by 10.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,839 shares of the Internet company based in Singapore’s stock after acquiring an additional 476 shares during the quarter. Assenagon Asset Management S.A.’s holdings in SEA were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SE. Private Trust Co. NA raised its stake in shares of SEA by 474.4% during the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock worth $26,000 after acquiring an additional 204 shares in the last quarter. Kestra Investment Management LLC bought a new stake in SEA in the fourth quarter valued at $34,000. Farther Finance Advisors LLC boosted its holdings in SEA by 43.8% in the fourth quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 112 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of SEA during the 4th quarter valued at $39,000. Finally, Huntington National Bank boosted its holdings in shares of SEA by 783.6% during the 4th quarter. Huntington National Bank now owns 486 shares of the Internet company based in Singapore’s stock valued at $52,000 after buying an additional 431 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 analysts recently issued reports on the stock. Arete Research upgraded shares of SEA to a “strong-buy” rating in a research note on Sunday, March 23rd. Loop Capital reiterated a “buy” rating and issued a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Barclays increased their price objective on shares of SEA from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Benchmark increased their target price on shares of SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $147.15.

SEA Stock Down 0.9%

NYSE SE opened at $155.93 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. The company has a market capitalization of $91.86 billion, a P/E ratio of 109.81 and a beta of 1.64. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65. The stock has a 50 day moving average price of $146.73 and a 200-day moving average price of $129.49.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). SEA had a net margin of 4.87% and a return on equity of 10.74%. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the firm earned ($0.04) EPS. The company’s revenue was up 29.6% on a year-over-year basis. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS 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.