Capstone Capital Management Ltd bought a new position in Sea Limited Sponsored ADR (NYSE:SE – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,462 shares of the Internet company based in Singapore’s stock, valued at approximately $1,612,000. SEA makes up about 1.6% of Capstone Capital Management Ltd’s holdings, making the stock its 19th largest position.
A number of other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in SEA by 110.5% in the 1st quarter. Venturi Wealth Management LLC now owns 10,965 shares of the Internet company based in Singapore’s stock valued at $908,000 after acquiring an additional 5,757 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares during the last quarter. Osbon Capital Management LLC purchased a new position in shares of SEA in the fourth quarter worth $175,000. Dorsey Wright & Associates lifted its holdings in shares of SEA by 2.3% during the fourth quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock valued at $1,660,000 after purchasing an additional 298 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on SE. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Barclays raised their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, Morgan Stanley set a $121.00 price objective on shares of SEA and gave the company an “overweight” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.54.
SEA Trading Up 1.5%
SEA stock opened at $105.81 on Thursday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The company has a market cap of $64.65 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.00 and a beta of 1.55. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $90.71 and a two-hundred day simple moving average of $99.96.
SEA (NYSE:SE – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Analysts predict that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.
Insider Buying and Selling at SEA
In other SEA news, insider Yanjun Wang sold 1,200 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $104.67, for a total value of $125,604.00. Following the transaction, the insider directly owned 43,600 shares in the company, valued at approximately $4,563,612. This trade represents a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gang Ye sold 20,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $104.41, for a total transaction of $2,088,200.00. Following the completion of the transaction, the chief operating officer owned 500,000 shares in the company, valued at $52,205,000. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,501,812 shares of company stock valued at $133,760,490. Insiders own 0.22% of the company’s stock.
SEA Profile
Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.
Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.
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