LRI Investments LLC Raises Stock Position in Sea Limited Sponsored ADR $SE

LRI Investments LLC boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 85.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,621 shares of the Internet company based in Singapore’s stock after buying an additional 749 shares during the quarter. LRI Investments LLC’s holdings in SEA were worth $259,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of SEA by 42.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,409 shares of the Internet company based in Singapore’s stock valued at $2,272,000 after acquiring an additional 5,153 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of SEA by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,536 shares of the Internet company based in Singapore’s stock valued at $461,000 after acquiring an additional 279 shares during the period. Zurich Insurance Group Ltd FI raised its stake in shares of SEA by 4.7% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 176,803 shares of the Internet company based in Singapore’s stock valued at $23,071,000 after acquiring an additional 7,870 shares during the period. Plato Investment Management Ltd raised its stake in shares of SEA by 30.4% in the 1st quarter. Plato Investment Management Ltd now owns 9,192 shares of the Internet company based in Singapore’s stock valued at $1,212,000 after acquiring an additional 2,141 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of SEA by 309.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,146 shares of the Internet company based in Singapore’s stock valued at $280,000 after acquiring an additional 1,622 shares during the period. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Trading Down 3.6%

NYSE SE opened at $181.15 on Monday. 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 Limited Sponsored ADR has a 52 week low of $92.50 and a 52 week high of $199.30. The stock has a market capitalization of $106.72 billion, a PE ratio of 93.86 and a beta of 1.54. The firm has a 50 day moving average of $181.30 and a two-hundred day moving average of $158.73.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Arete Research downgraded shares of SEA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on shares of SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Wedbush lifted their price objective on shares of SEA from $170.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Wall Street Zen cut shares of SEA from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Barclays lifted their price objective on shares of SEA from $200.00 to $214.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $176.85.

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.