OVERSEA CHINESE BANKING Corp Ltd Buys 350,840 Shares of Sea Limited Sponsored ADR $SE

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 24.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,791,660 shares of the Internet company based in Singapore’s stock after buying an additional 350,840 shares during the quarter. SEA accounts for approximately 6.0% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 2nd biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SEA were worth $228,549,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Fred Alger Management LLC raised its holdings in shares of SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares during the period. State of Tennessee Department of Treasury raised its holdings in shares of SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after purchasing an additional 27,964 shares during the period. Andra AP fonden raised its holdings in shares of SEA by 7.0% during the third quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after purchasing an additional 9,400 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after purchasing an additional 27,953 shares during the period. Finally, BNP Paribas raised its holdings in shares of SEA by 24.0% during the third quarter. BNP Paribas now owns 35,846 shares of the Internet company based in Singapore’s stock valued at $6,407,000 after purchasing an additional 6,939 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Insider Activity

In other SEA news, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $89.57, for a total value of $71,656.00. Following the completion of the sale, the insider directly owned 19,600 shares of the company’s stock, valued at approximately $1,755,572. This represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Y. Ma sold 103,991 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $88.10, for a total transaction of $9,161,607.10. Following the completion of the sale, the director directly owned 199,775 shares of the company’s stock, valued at $17,600,177.50. The trade was a 34.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,464,452 shares of company stock valued at $128,954,641. 0.22% of the stock is currently owned by company insiders.

SEA News Summary

Here are the key news stories impacting SEA this week:

• Positive Sentiment: JPMorgan slightly trimmed its price target from $170 to $168 but kept an “Overweight” rating, leaving a large implied upside vs. the current price — a constructive analyst view that can support buying interest. Read More.
• Positive Sentiment: Several institutional investors have been increasing positions (e.g., Fred Alger, Oversea Chinese Bank, SG Americas, Charles Lim, Tennessee Dept. of Treasury), signaling continued institutional support and offsetting some selling pressure from insiders.
• Neutral Sentiment: An Alger Mid Cap investor letter noted fund underperformance and trading activity in Q1 — comments like this can prompt rebalancing by active managers but don’t directly change Sea’s fundamentals. Read More.
• Negative Sentiment: Material insider selling was disclosed this week and is the clearest near-term negative: Director David Y. Ma sold large blocks (114,094 on Apr 16 and 145,072 on Apr 17 — ~259k shares total), COO Gang Ye sold 10,000 shares, and other insiders (including Jingye Chen and Yanjun Wang) sold multiple tranches at ~ $90–$92. The size/timing of these sales can create selling pressure and raise short-term confidence concerns. Read More.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SE. Barclays dropped their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. JPMorgan Chase & Co. dropped their price objective on shares of SEA from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of SEA in a report on Tuesday, March 3rd. Bank of America reiterated a “buy” rating and set a $125.00 price objective on shares of SEA in a report on Monday, March 9th. Finally, Sanford C. Bernstein dropped their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.66.

SEA Trading Down 2.9%

Shares of SE stock opened at $86.77 on Wednesday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. The company has a 50-day simple moving average of $92.06 and a two-hundred day simple moving average of $122.34. The company has a market capitalization of $51.12 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 0.90 and a beta of 1.69.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Research analysts anticipate that Sea Limited Sponsored ADR will post 3.46 EPS for the current fiscal year.

SEA Company 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.