Sea Limited Sponsored ADR $SE Stock Holdings Boosted by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its stake in Sea Limited Sponsored ADR (NYSE:SE) by 555.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,297 shares of the Internet company based in Singapore’s stock after purchasing an additional 10,420 shares during the period. Sterling Capital Management LLC’s holdings in SEA were worth $1,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carrhae Capital LLP bought a new stake in shares of SEA during the second quarter worth $140,501,000. Public Employees Retirement System of Ohio acquired a new position in shares of SEA during the second quarter worth $37,527,000. Assenagon Asset Management S.A. increased its holdings in shares of SEA by 80.6% during the third quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after buying an additional 251,517 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of SEA during the second quarter worth $12,410,000. Finally, Ninety One North America Inc. bought a new position in shares of SEA in the 3rd quarter valued at $9,734,000. Institutional investors own 59.53% of the company’s stock.

Insider Buying and Selling

In other SEA news, CFO Tianyu Hou sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $89.03, for a total transaction of $890,300.00. Following the completion of the transaction, the chief financial officer owned 35,000 shares in the company, valued at approximately $3,116,050. This trade represents a 22.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yanjun Wang sold 800 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $76.33, for a total transaction of $61,064.00. Following the completion of the transaction, the insider owned 74,380 shares in the company, valued at $5,677,425.40. This trade represents a 1.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,078,786 shares of company stock valued at $252,974,286 in the last three months. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SE shares. New Street Research downgraded SEA from a “buy” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Monday. Morgan Stanley restated an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Arete Research set a $152.00 target price on SEA and gave the stock a “buy” rating in a report on Monday, September 7th. Barclays increased their target price on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $142.18.

SEA Trading Down 0.9%

NYSE SE opened at $73.95 on Tuesday. The business’s 50-day moving average price is $102.50 and its two-hundred day moving average price is $100.20. Sea Limited Sponsored ADR has a 12 month low of $71.53 and a 12 month high of $164.03. The firm has a market capitalization of $45.19 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. 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 (NYSE:SE) last issued its quarterly 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). The company 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 company’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

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.