Quantbot Technologies LP Trims Position in Sea Limited Sponsored ADR $SE

Quantbot Technologies LP cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 61.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,372 shares of the Internet company based in Singapore’s stock after selling 27,922 shares during the quarter. Quantbot Technologies LP’s holdings in SEA were worth $2,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Korea Investment CORP grew its stake in shares of SEA by 3.5% during the 1st quarter. Korea Investment CORP now owns 243,970 shares of the Internet company based in Singapore’s stock worth $31,836,000 after purchasing an additional 8,159 shares during the period. Northern Trust Corp grew its stake in shares of SEA by 9.3% during the 1st quarter. Northern Trust Corp now owns 3,219,713 shares of the Internet company based in Singapore’s stock worth $420,140,000 after purchasing an additional 273,366 shares during the period. Brooklyn Investment Group grew its stake in shares of SEA by 361.4% during the 1st quarter. Brooklyn Investment Group now owns 1,015 shares of the Internet company based in Singapore’s stock worth $132,000 after purchasing an additional 795 shares during the period. Algert Global LLC grew its stake in shares of SEA by 412.1% during the 1st quarter. Algert Global LLC now owns 39,923 shares of the Internet company based in Singapore’s stock worth $5,210,000 after purchasing an additional 32,127 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of SEA by 20.7% during the 1st quarter. Raymond James Financial Inc. now owns 218,931 shares of the Internet company based in Singapore’s stock worth $28,568,000 after purchasing an additional 37,526 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

SEA stock opened at $178.7530 on Thursday. The company’s fifty day moving average price is $158.02 and its 200 day moving average price is $143.53. Sea Limited Sponsored ADR has a 1 year low of $75.67 and a 1 year high of $181.76. The stock has a market capitalization of $105.31 billion, a P/E ratio of 92.62 and a beta of 1.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (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 company had revenue of $5.26 billion during the quarter, compared to analyst estimates of $5 billion. During the same period in the prior year, the business posted $0.14 EPS. SEA’s revenue was up 38.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wedbush raised their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Barclays raised their price objective 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. Macquarie reaffirmed an “outperform” rating and set a $219.90 price objective (up previously from $178.20) on shares of SEA in a research note on Tuesday, August 12th. Loop Capital reaffirmed a “buy” rating and set a $190.00 price objective (up previously from $165.00) on shares of SEA in a research note on Thursday, May 29th. Finally, Benchmark lifted their price target on shares of SEA from $180.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.49.

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.