BNP Paribas Purchases 6,939 Shares of Sea Limited Sponsored ADR $SE

BNP Paribas increased its position in Sea Limited Sponsored ADR (NYSE:SE) by 24.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 35,846 shares of the Internet company based in Singapore’s stock after purchasing an additional 6,939 shares during the period. BNP Paribas’ holdings in SEA were worth $6,407,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SE. Salomon & Ludwin LLC boosted its position in 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 valued at $27,000 after buying an additional 143 shares during the period. Sound Income Strategies LLC purchased a new position in shares of SEA in the third quarter valued at about $29,000. Rothschild Investment LLC raised its stake in shares of SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after acquiring an additional 106 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of SEA during the second quarter valued at about $50,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of SEA by 41.9% during the third quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after purchasing an additional 165 shares during the period. 59.53% of the stock is currently owned by institutional investors.

SEA Price Performance

SE stock opened at $85.83 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The firm has a 50-day moving average of $113.10 and a 200 day moving average of $142.34. The company has a market cap of $50.56 billion, a P/E ratio of 34.06 and a beta of 1.59.

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

SEA declared that its board has initiated a share repurchase program on Monday, November 17th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on SE. Barclays cut their target price on SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Sanford C. Bernstein dropped their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. Wedbush reduced their target price on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Finally, Phillip Securities upgraded SEA from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $166.83.

SEA 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.