J.Safra Asset Management Corp Increases Stock Holdings in Sea Limited Sponsored ADR $SE

J.Safra Asset Management Corp grew its stake in shares of Sea Limited Sponsored ADR (NYSE:SEFree Report) by 124.0% during the fourth quarter, Holdings Channel reports. The firm owned 16,733 shares of the Internet company based in Singapore’s stock after purchasing an additional 9,262 shares during the period. J.Safra Asset Management Corp’s holdings in SEA were worth $2,135,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SE. Fred Alger Management LLC boosted its holdings in shares of SEA by 22.1% in the 3rd 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 buying an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in SEA by 24.4% in the fourth 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 acquiring an additional 350,840 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of SEA during the fourth quarter worth about $26,282,000. Woodline Partners LP acquired a new stake in shares of SEA during the first quarter worth about $4,028,000. Finally, State of Tennessee Department of Treasury increased its position 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 worth $86,880,000 after purchasing an additional 27,964 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Insider Activity at SEA

In related news, COO Gang Ye sold 10,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $84.33, for a total transaction of $843,300.00. Following the transaction, the chief operating officer owned 140,000 shares of the company’s stock, valued at $11,806,200. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.39, for a total value of $67,512.00. Following the completion of the sale, the insider directly owned 2,800 shares of the company’s stock, valued at approximately $236,292. This trade represents a 22.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,692,452 shares of company stock valued at $148,965,181 over the last three months. Insiders own 0.22% of the company’s stock.

SEA Stock Down 2.8%

SE stock opened at $82.47 on Thursday. The stock has a market capitalization of $50.39 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. The company has a fifty day moving average of $87.29 and a 200-day moving average of $105.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

SEA (NYSE:SEGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The company’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. As a group, analysts expect that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America reissued a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. TD Cowen raised their target price on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Barclays upped their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Read Our Latest Stock Analysis on SE

SEA Company Profile

(Free Report)

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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Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SEFree Report).

Institutional Ownership by Quarter for SEA (NYSE:SE)

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