Sea Limited Sponsored ADR $SE Shares Purchased by Rathbones Group PLC

Rathbones Group PLC increased its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 78.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,015 shares of the Internet company based in Singapore’s stock after purchasing an additional 9,688 shares during the quarter. Rathbones Group PLC’s holdings in SEA were worth $2,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SE. Salomon & Ludwin LLC boosted its position in shares of SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after acquiring an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new position in shares of SEA during the 3rd quarter worth about $29,000. Rothschild Investment LLC boosted its position in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares in the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of SEA during the 4th quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of SEA by 41.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after acquiring an additional 165 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 1.0%

SEA stock opened at $81.46 on Wednesday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two 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 market capitalization of $47.99 billion, a P/E ratio of 32.33, a PEG ratio of 0.76 and a beta of 1.69. The stock has a 50-day simple moving average of $97.16 and a 200-day simple moving average of $129.17.

SEA (NYSE:SE) last posted its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 38.4% on a year-over-year basis. Equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Barclays lowered their price objective on SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Sanford C. Bernstein lowered their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.83.

Insider Activity

In other news, COO Gang Ye sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $84.28, for a total value of $842,800.00. Following the completion of the sale, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at approximately $33,712,000. The trade was a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jingye Chen sold 800 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $82.66, for a total value of $66,128.00. Following the completion of the sale, the insider directly owned 231,200 shares of the company’s stock, valued at $19,110,992. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 129,635 shares of company stock valued at $10,881,564. Insiders own 0.22% of the company’s stock.

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.