Sea Limited Sponsored ADR (NYSE:SE) is Perpetual Ltd’s 2nd Largest Position

Perpetual Ltd trimmed its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,029,519 shares of the Internet company based in Singapore’s stock after selling 68,484 shares during the quarter. SEA makes up 3.2% of Perpetual Ltd’s investment portfolio, making the stock its 2nd largest position. Perpetual Ltd owned approximately 0.35% of SEA worth $264,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Private Trust Co. NA increased its position in shares of SEA by 474.4% in the fourth quarter. Private Trust Co. NA now owns 247 shares of the Internet company based in Singapore’s stock valued at $26,000 after acquiring an additional 204 shares during the period. Sava Infond d.o.o. bought a new stake in shares of SEA in the first quarter worth about $26,000. Inlight Wealth Management LLC bought a new stake in shares of SEA in the first quarter worth about $28,000. Fifth Third Bancorp increased its holdings in SEA by 464.3% during the 1st quarter. Fifth Third Bancorp now owns 237 shares of the Internet company based in Singapore’s stock valued at $31,000 after purchasing an additional 195 shares during the period. Finally, Farther Finance Advisors LLC raised its position in SEA by 43.8% during the 4th quarter. Farther Finance Advisors LLC now owns 368 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 112 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Price Performance

SE stock opened at $158.67 on Friday. 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 firm has a 50 day moving average price of $151.20 and a 200-day moving average price of $131.17. Sea Limited Sponsored ADR has a 52-week low of $55.00 and a 52-week high of $172.65. The firm has a market capitalization of $93.48 billion, a price-to-earnings ratio of 111.74 and a beta of 1.64.

SEA (NYSE:SE) last announced 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 net margin of 4.87% and a return on equity of 10.74%. The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 29.6% compared to the same quarter last year. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays boosted their target price on SEA from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, May 15th. Loop Capital reissued a “buy” rating and set a $190.00 price objective (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. UBS Group upped their price objective on shares of SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. raised shares of SEA from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $135.00 to $190.00 in a research note on Tuesday, May 13th. Finally, Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Four equities research 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. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.15.

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.