Charles Lim Capital Ltd Has $103.96 Million Holdings in Sea Limited Sponsored ADR $SE

Charles Lim Capital Ltd lessened its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 650,000 shares of the Internet company based in Singapore's stock after selling 150,000 shares during the period. SEA comprises approximately 25.9% of Charles Lim Capital Ltd's holdings, making the stock its 2nd biggest position. Charles Lim Capital Ltd owned approximately 0.11% of SEA worth $103,961,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Fred Alger Management LLC increased its holdings in SEA by 144.6% during the first quarter. Fred Alger Management LLC now owns 2,585,179 shares of the Internet company based in Singapore's stock valued at $337,340,000 after buying an additional 1,528,301 shares during the last quarter. Scge Management L.P. boosted its stake in shares of SEA by 137.6% during the 1st 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 acquiring an additional 1,251,000 shares during the last quarter. Nuveen LLC bought a new stake in shares of SEA during the 1st quarter valued at $162,796,000. AGF Management Ltd. increased its stake in shares of SEA by 171.3% in the 1st quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock worth $128,252,000 after purchasing an additional 620,587 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of SEA by 2,751.0% in the 1st quarter. Driehaus Capital Management LLC now owns 637,544 shares of the Internet company based in Singapore's stock worth $83,193,000 after purchasing an additional 615,182 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on SE shares. Macquarie reissued an "outperform" rating and set a $219.90 price target (up previously from $178.20) on shares of SEA in a report on Tuesday, August 12th. Bank of America raised SEA from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $206.00 to $215.00 in a research report on Thursday, October 16th. Arete Research lowered shares of SEA from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. raised their target price on shares of SEA from $208.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, September 11th. Finally, Morgan Stanley set a $209.00 price target on shares of SEA in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $193.64.

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View Our Latest Report on SE

SEA Trading Down 1.5%

SEA stock opened at $134.25 on Thursday. Sea Limited Sponsored ADR has a 1 year low of $99.50 and a 1 year high of $199.30. The firm's 50 day moving average price is $164.29 and its 200-day moving average price is $165.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42. The stock has a market cap of $79.09 billion, a P/E ratio of 58.88 and a beta of 1.55.

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SEA (NYSE:SE - Get Free Report) last posted its earnings results on Tuesday, November 11th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.52). The company had revenue of $5.99 billion for the quarter, compared to analysts' expectations of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. The business's revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. On average, equities analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

SEA announced that its board has approved a share repurchase program on Monday, November 17th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the Internet company based in Singapore to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.

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