Rathbones Group PLC grew its position in Sea Limited Sponsored ADR (NYSE:SE – Free Report) by 39.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,750 shares of the Internet company based in Singapore’s stock after purchasing an additional 8,735 shares during the quarter. Rathbones Group PLC’s holdings in SEA were worth $2,546,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Charles Lim Capital Ltd lifted its holdings in SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in SEA during the 4th quarter worth $26,282,000. State of Tennessee Department of Treasury increased its position in SEA by 32.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after buying an additional 175,746 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of SEA by 5.7% during 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 buying an additional 88,431 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of SEA from $108.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Barclays boosted their price objective on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.81.
SEA Price Performance
SEA stock opened at $111.53 on Wednesday. The firm has a market cap of $68.15 billion, a PE ratio of 43.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The stock’s fifty day moving average price is $98.01 and its two-hundred day moving average price is $96.87. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.
SEA (NYSE:SE – Get Free Report) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, research analysts expect that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.
Insider Buying and Selling
In related news, COO Gang Ye sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $100.89, for a total value of $2,017,800.00. Following the completion of the transaction, the chief operating officer owned 540,000 shares of the company’s stock, valued at $54,480,600. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 478,300 shares of company stock valued at $46,561,186 over the last three months. 0.22% of the stock is owned by insiders.
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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