FirstWave Capital Management LLC Has $4.32 Million Stock Holdings in Sea Limited Sponsored ADR $SE

FirstWave Capital Management LLC grew its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 19.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,120 shares of the Internet company based in Singapore’s stock after purchasing an additional 7,369 shares during the period. SEA comprises approximately 1.9% of FirstWave Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. FirstWave Capital Management LLC’s holdings in SEA were worth $4,324,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Zions Bancorporation National Association UT increased its position in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 259 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after buying an additional 174 shares in the last quarter. Independence Bank of Kentucky raised its position in SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after acquiring an additional 1,100 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after acquiring an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC bought a new position in shares of SEA in the 4th quarter valued at about $175,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Finally, Benchmark raised their price objective on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.11.

Insider Activity

In other SEA news, insider Feng Zhao sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $120.07, for a total value of $240,140.00. Following the transaction, the insider directly owned 133,580 shares of the company’s stock, valued at approximately $16,038,950.60. The trade was a 1.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Gang Ye sold 20,000 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $113.33, for a total transaction of $2,266,600.00. Following the transaction, the chief operating officer directly owned 218,792 shares in the company, valued at $24,795,697.36. This trade represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,007,966 shares of company stock worth $244,388,876. Company insiders own 0.22% of the company’s stock.

SEA Stock Performance

NYSE SE opened at $112.09 on Friday. The firm’s 50 day simple moving average is $111.11 and its 200 day simple moving average is $97.15. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The firm has a market capitalization of $68.49 billion, a price-to-earnings ratio of 43.28, a P/E/G ratio of 1.13 and a beta of 1.51.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. As a group, research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share 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.