Sea Limited Sponsored ADR $SE Stock: Sumitomo Mitsui Trust Group Inc. Grows Stake

Sumitomo Mitsui Trust Group Inc. grew its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,241,023 shares of the Internet company based in Singapore’s stock after acquiring an additional 52,660 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in SEA were worth $120,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SEA in the 3rd quarter worth $3,305,000. Profund Advisors LLC raised its holdings in SEA by 3.2% in the 3rd quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore’s stock worth $502,000 after purchasing an additional 158 shares during the period. ProShare Advisors LLC lifted its position in SEA by 9.3% during the third quarter. ProShare Advisors LLC now owns 19,320 shares of the Internet company based in Singapore’s stock valued at $1,881,000 after purchasing an additional 1,639 shares in the last quarter. Vise Technologies Inc. lifted its position in SEA by 53.4% during the third quarter. Vise Technologies Inc. now owns 5,188 shares of the Internet company based in Singapore’s stock valued at $505,000 after purchasing an additional 1,806 shares in the last quarter. Finally, MGO One Seven LLC lifted its position in SEA by 218.3% during the third quarter. MGO One Seven LLC now owns 9,231 shares of the Internet company based in Singapore’s stock valued at $899,000 after purchasing an additional 6,331 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Insider Transactions at SEA

In other news, CFO Tianyu Hou sold 10,000 shares of the business’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $89.03, for a total value of $890,300.00. Following the transaction, the chief financial officer directly owned 35,000 shares in the company, valued at $3,116,050. The trade was a 22.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $74.58, for a total value of $59,664.00. Following the completion of the transaction, the insider directly owned 69,580 shares of the company’s stock, valued at approximately $5,189,276.40. This trade represents a 1.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,016,986 shares of company stock worth $246,202,085. Insiders own 0.22% of the company’s stock.

SEA Stock Up 1.7%

Shares of SE stock opened at $75.50 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.80. The company’s fifty day moving average price is $98.22 and its 200-day moving average price is $98.75. The company has a market capitalization of $46.14 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 0.78 and a beta of 1.54.

SEA (NYSE:SE) last issued its earnings results 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). SEA had a return on equity of 13.54% and a net margin of 5.98%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Sell-side analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SE. TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday, August 17th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Benchmark boosted their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.91.

SEA Company Profile

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.