Lakehouse Capital Pty Ltd Has $14.32 Million Holdings in Sea Limited Sponsored ADR $SE

Lakehouse Capital Pty Ltd lowered its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 28.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,125 shares of the Internet company based in Singapore’s stock after selling 32,258 shares during the quarter. SEA comprises approximately 8.8% of Lakehouse Capital Pty Ltd’s investment portfolio, making the stock its 6th biggest position. Lakehouse Capital Pty Ltd’s holdings in SEA were worth $14,321,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Woodline Partners LP acquired a new stake in shares of SEA during the 1st quarter worth $4,028,000. Pinnacle Wealth Planning Services Inc. raised its stake in SEA by 16.2% in the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,522 shares of the Internet company based in Singapore’s stock valued at $883,000 after purchasing an additional 771 shares in the last quarter. Handelsbanken Fonder AB lifted its position in SEA by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore’s stock worth $27,024,000 after purchasing an additional 2,106 shares during the period. Intellus Advisors LLC bought a new stake in SEA during the second quarter worth about $240,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in SEA during the second quarter worth about $50,000. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

NYSE:SE opened at $87.50 on Wednesday. The stock’s 50-day moving average is $110.95 and its 200-day moving average is $140.67. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a market cap of $51.55 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 0.81 and a beta of 1.59.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The business had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

SE has been the topic of several recent analyst reports. Zacks Research lowered shares of SEA from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a report on Friday. Wedbush reduced their price target on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Barclays lowered their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. 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 assigned a Sell rating to the stock. According to data from MarketBeat, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $166.83.

SEA Company 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.