Atria Wealth Solutions Inc. Buys 4,447 Shares of Sea Limited Sponsored ADR (NYSE:SE)

Atria Wealth Solutions Inc. lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 110.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,460 shares of the Internet company based in Singapore’s stock after acquiring an additional 4,447 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SEA were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in SE. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of SEA by 2,082.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore’s stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares during the period. Jennison Associates LLC acquired a new position in shares of SEA in the 1st quarter valued at about $336,521,000. Capital Research Global Investors lifted its stake in shares of SEA by 19.5% in the 4th quarter. Capital Research Global Investors now owns 8,126,064 shares of the Internet company based in Singapore’s stock valued at $862,175,000 after purchasing an additional 1,325,183 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of SEA by 713.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore’s stock worth $103,157,000 after purchasing an additional 693,336 shares in the last quarter. Finally, Fred Alger Management LLC boosted its position in shares of SEA by 100.3% during the 4th quarter. Fred Alger Management LLC now owns 1,056,878 shares of the Internet company based in Singapore’s stock worth $112,135,000 after purchasing an additional 529,237 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SE. Loop Capital reiterated a “buy” rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a report on Thursday, May 29th. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $135.00 to $190.00 in a report on Tuesday, May 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of SEA in a report on Wednesday, May 14th. Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Bank of America cut shares of SEA from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $159.82.

SEA Trading Down 0.9%

Shares of SE stock opened at $146.24 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.51. Sea Limited Sponsored ADR has a 52-week low of $65.15 and a 52-week high of $172.65. The company has a market capitalization of $86.15 billion, a PE ratio of 102.99 and a beta of 1.58. The business’s fifty day moving average is $156.26 and its 200 day moving average is $141.12.

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