Sea Limited Sponsored ADR $SE Stock Sold by Ninety One UK Ltd

Ninety One UK Ltd trimmed its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 34.2% in the third quarter, Holdings Channel.com reports. The fund owned 98,899 shares of the Internet company based in Singapore’s stock after selling 51,301 shares during the period. Ninety One UK Ltd’s holdings in SEA were worth $9,629,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ninety One North America Inc. acquired a new stake in shares of SEA in the 3rd quarter worth approximately $9,734,000. Roberts Wealth Advisors LLC raised its holdings in SEA by 1.7% during the third quarter. Roberts Wealth Advisors LLC now owns 64,976 shares of the Internet company based in Singapore’s stock worth $6,326,000 after purchasing an additional 1,089 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in SEA during the third quarter worth $206,000. Euro Pacific Asset Management LLC acquired a new position in SEA during the third quarter worth $2,159,000. Finally, Sax Wealth Advisors LLC purchased a new stake in SEA during the third quarter worth $1,163,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Insider Buying and Selling

In other news, insider Jingye Chen sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total value of $3,266,100.00. Following the sale, the insider directly owned 270,000 shares in the company, valued at $29,394,900. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Xiaodong Li sold 1,057,650 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total value of $137,282,970.00. Following the sale, the chief executive officer directly owned 288,450 shares in the company, valued at approximately $37,440,810. The trade was a 78.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,148,786 shares of company stock valued at $260,452,510. 0.22% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on SE. TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday, August 17th. Morgan Stanley restated an “overweight” rating and issued a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. Barclays lifted their price target on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Arete Research set a $152.00 price objective on shares of SEA and gave the stock a “buy” rating in a research report on Monday, September 7th. Finally, Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Stock Up 2.4%

SE stock opened at $97.57 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The company’s 50 day simple moving average is $108.11 and its 200-day simple moving average is $98.52. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $175.80. The firm has a market capitalization of $59.62 billion, a PE ratio of 37.67, a P/E/G ratio of 0.97 and a beta of 1.54.

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

SEA Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.