Cerity Partners LLC Increases Stock Holdings in Sea Limited Sponsored ADR (NYSE:SE)

Cerity Partners LLC boosted its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 16.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,382 shares of the Internet company based in Singapore’s stock after purchasing an additional 3,179 shares during the quarter. Cerity Partners LLC’s holdings in SEA were worth $2,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SE. Sava Infond d.o.o. purchased a new position in shares of SEA in the 1st quarter worth $26,000. Tradewinds Capital Management LLC raised its holdings in shares of SEA by 100.0% during the 1st quarter. Tradewinds Capital Management LLC now owns 200 shares of the Internet company based in Singapore’s stock valued at $26,000 after buying an additional 100 shares during the period. Inlight Wealth Management LLC acquired a new position in SEA during the 1st quarter worth approximately $28,000. Fifth Third Bancorp boosted its holdings in SEA by 464.3% in the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock worth $31,000 after acquiring an additional 195 shares during the period. Finally, Farther Finance Advisors LLC grew its position 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. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on SE shares. Arete Research raised shares of SEA to a “strong-buy” rating in a research report on Sunday, March 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price objective on shares of SEA in a research report on Wednesday, May 14th. Loop Capital reaffirmed a “buy” rating and set a $190.00 target price (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. JPMorgan Chase & Co. raised SEA from a “neutral” rating to an “overweight” rating and increased their price target for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $153.17.

SEA Stock Performance

SEA stock opened at $168.48 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a 12 month low of $55.00 and a 12 month high of $172.65. The company has a fifty day moving average price of $158.33 and a two-hundred day moving average price of $135.89. The company has a market cap of $99.25 billion, a PE ratio of 118.65 and a beta of 1.60.

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

About SEA

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.