Bayforest Capital Ltd Lowers Stock Holdings in Sea Limited Sponsored ADR $SE

Bayforest Capital Ltd trimmed its position in Sea Limited Sponsored ADR (NYSE:SE) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 436 shares of the Internet company based in Singapore’s stock after selling 85 shares during the quarter. Bayforest Capital Ltd’s holdings in SEA were worth $57,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 2,082.7% in the first 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 purchased a new stake in shares of SEA in the first quarter worth about $336,521,000. Fred Alger Management LLC lifted its holdings in shares of SEA by 144.6% in the first 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 shares of SEA by 137.6% in the first 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 purchased a new stake in shares of SEA in the first quarter worth about $162,796,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 0.1%

Shares of SE opened at $196.26 on Friday. The firm’s 50 day simple moving average is $169.15 and its 200 day simple moving average is $150.60. The company has a market capitalization of $115.62 billion, a P/E ratio of 101.69 and a beta of 1.53. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.55 and a quick ratio of 1.54. Sea Limited Sponsored ADR has a 1-year low of $78.51 and a 1-year high of $199.30.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Macquarie reissued an “outperform” rating and issued a $219.90 price target (up from $178.20) on shares of SEA in a report on Tuesday, August 12th. Arete Research downgraded shares of SEA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Wedbush increased their price target on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, August 13th. Loop Capital reaffirmed a “buy” rating and issued a $190.00 target price (up from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Barclays raised their target price on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.85.

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.