Axiom Investors LLC DE Sells 47,414 Shares of Sea Limited Sponsored ADR $SE

Axiom Investors LLC DE lessened its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 7.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 581,760 shares of the Internet company based in Singapore’s stock after selling 47,414 shares during the quarter. Axiom Investors LLC DE owned about 0.10% of SEA worth $75,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SVB Wealth LLC purchased a new stake in SEA in the first quarter worth about $212,000. Smartleaf Asset Management LLC grew its holdings in SEA by 12.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,735 shares of the Internet company based in Singapore’s stock worth $227,000 after purchasing an additional 187 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in SEA in the first quarter worth about $207,000. Kestra Advisory Services LLC grew its holdings in SEA by 14.6% in the first quarter. Kestra Advisory Services LLC now owns 9,357 shares of the Internet company based in Singapore’s stock worth $1,221,000 after purchasing an additional 1,193 shares during the period. Finally, Circle Wealth Management LLC grew its holdings in SEA by 51.7% in the first quarter. Circle Wealth Management LLC now owns 13,676 shares of the Internet company based in Singapore’s stock worth $1,785,000 after purchasing an additional 4,662 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Arete downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $177.00 target price on the stock. in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upgraded shares of SEA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $135.00 to $190.00 in a research note on Tuesday, May 13th. Wall Street Zen upgraded shares of SEA from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Barclays upped their target price on shares of SEA from $200.00 to $214.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Finally, Arete Research downgraded shares of SEA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $173.99.

SEA Stock Up 1.0%

Shares of SEA stock opened at $191.62 on Monday. The company has a market cap of $112.89 billion, a price-to-earnings ratio of 99.29 and a beta of 1.53. The company’s 50 day moving average is $164.94 and its 200 day moving average is $148.42. Sea Limited Sponsored ADR has a twelve month low of $75.91 and a twelve month high of $192.28. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 0.16.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.38). The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5 billion. SEA had a net margin of 6.23% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 38.2% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. Research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 EPS 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.