QRG Capital Management Inc. Trims Stake in Sea Limited Sponsored ADR (NYSE:SE)

QRG Capital Management Inc. trimmed its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,042 shares of the Internet company based in Singapore’s stock after selling 3,842 shares during the quarter. QRG Capital Management Inc.’s holdings in SEA were worth $4,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sowell Financial Services LLC purchased a new position in SEA during the first quarter worth about $216,000. Bank Pictet & Cie Europe AG boosted its holdings in shares of SEA by 61.6% in the 1st quarter. Bank Pictet & Cie Europe AG now owns 32,391 shares of the Internet company based in Singapore’s stock worth $4,227,000 after purchasing an additional 12,346 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of SEA in the 1st quarter worth about $169,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SEA by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,180 shares of the Internet company based in Singapore’s stock worth $807,000 after purchasing an additional 493 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its holdings in shares of SEA by 29.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 37,167 shares of the Internet company based in Singapore’s stock worth $4,850,000 after purchasing an additional 8,490 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 0.9%

SE opened at $155.93 on Thursday. The business has a 50 day simple moving average of $146.73 and a two-hundred day simple moving average of $129.49. The firm has a market capitalization of $91.86 billion, a price-to-earnings ratio of 109.81 and a beta of 1.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.49. Sea Limited Sponsored ADR has a one year low of $55.00 and a one year high of $172.65.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, May 13th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.28). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. SEA had a net margin of 4.87% and a return on equity of 10.74%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. Analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SE shares. Wall Street Zen upgraded SEA from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Benchmark upped their price objective on SEA from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. upgraded SEA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $135.00 to $190.00 in a report on Tuesday, May 13th. UBS Group upped their price objective on SEA from $135.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 target price on shares of SEA in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.15.

SEA 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.