Sea Limited Sponsored ADR $SE Stock Position Raised by Rathbones Group PLC

Rathbones Group PLC raised its stake in Sea Limited Sponsored ADR (NYSE:SE) by 78.6% during the 4th quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lingohr Asset Management GmbH increased its stake in SEA by 219.4% in the 3rd quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore’s stock valued at $2,270,000 after buying an additional 8,724 shares during the period. Andra AP fonden increased its stake in SEA by 7.0% in the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after buying an additional 9,400 shares during the period. Fred Alger Management LLC increased its stake in 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 during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake 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 during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in SEA in the 4th quarter valued at approximately $26,282,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Insider Activity at SEA

In other news, Director David Y. Ma sold 176,719 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $87.56, for a total transaction of $15,473,515.64. Following the transaction, the director owned 895,364 shares in the company, valued at $78,398,071.84. This represents a 16.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 1,614,452 shares of company stock worth $141,972,641. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. TD Cowen upped their price objective on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. 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 research note on Wednesday, March 4th. Finally, Barclays upped their price objective on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.41.

SEA Stock Performance

Shares of SE opened at $87.25 on Friday. The company’s fifty day moving average is $85.41 and its 200-day moving average is $110.67. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The firm has a market cap of $53.31 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities analysts expect that Sea Limited Sponsored ADR will post 3.39 EPS for the current fiscal year.

About SEA

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.