Baird Financial Group Inc. Acquires 70,070 Shares of Sea Limited Sponsored ADR $SE

Baird Financial Group Inc. boosted its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 14.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 555,983 shares of the Internet company based in Singapore’s stock after buying an additional 70,070 shares during the quarter. Baird Financial Group Inc.’s holdings in SEA were worth $88,924,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. ORG Partners LLC lifted its position in shares of SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after buying an additional 138 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of SEA in the 1st quarter valued at approximately $39,000. Twin Peaks Wealth Advisors LLC acquired a new stake in SEA in the 2nd quarter worth approximately $50,000. Cullen Frost Bankers Inc. lifted its holdings in SEA by 49.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock worth $63,000 after purchasing an additional 130 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in SEA by 361.4% during the first 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. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SE has been the topic of a number of recent analyst reports. Bank of America raised shares of SEA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $206.00 to $215.00 in a research report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Monday, November 24th. Phillip Securities raised shares of SEA from a “hold” rating to a “strong-buy” rating in a research report on Sunday, November 16th. JPMorgan Chase & Co. raised their price target on SEA from $208.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 11th. Finally, Zacks Research lowered SEA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $193.64.

SEA Stock Performance

NYSE SE opened at $135.27 on Thursday. The company’s fifty day moving average is $158.96 and its two-hundred day moving average is $164.31. Sea Limited Sponsored ADR has a 52-week low of $99.50 and a 52-week high of $199.30. 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 firm has a market capitalization of $79.69 billion, a price-to-earnings ratio of 59.33 and a beta of 1.58.

SEA (NYSE:SE) last released its earnings results on Wednesday, November 12th. 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). SEA had a net margin of 6.80% and a return on equity of 15.19%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

SEA announced that its Board of Directors has authorized a stock buyback program on Monday, November 17th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the Internet company based in Singapore to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.