Sea Limited Sponsored ADR $SE Stock Holdings Raised by M&G PLC

M&G PLC lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,229 shares of the Internet company based in Singapore’s stock after purchasing an additional 7,602 shares during the period. M&G PLC’s holdings in SEA were worth $28,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carrhae Capital LLP purchased a new position in SEA during the second quarter worth approximately $140,501,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of SEA by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock valued at $120,826,000 after buying an additional 52,660 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after buying an additional 50,965 shares in the last quarter. Carmignac Gestion increased its position in shares of SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after buying an additional 14,242 shares in the last quarter. Finally, National Pension Service raised its stake in shares of SEA by 10.0% during the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after buying an additional 54,819 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Insider Transactions at SEA

In other SEA news, CEO Xiaodong Li sold 57,690 shares of SEA stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $122.28, for a total transaction of $7,054,333.20. Following the sale, the chief executive officer owned 1,232,992 shares of the company’s stock, valued at $150,770,261.76. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Gang Ye sold 30,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $124.06, for a total transaction of $3,721,800.00. Following the sale, the chief operating officer directly owned 370,000 shares of the company’s stock, valued at $45,902,200. The trade was a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 874,436 shares of company stock valued at $97,383,458 in the last 90 days. 0.22% of the stock is owned by company insiders.

Analyst Ratings Changes

SE has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Benchmark lifted their price target on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Barclays boosted their price target on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. 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 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $137.73.

SEA Price Performance

NYSE:SE opened at $78.02 on Tuesday. Sea Limited Sponsored ADR has a 12 month low of $71.53 and a 12 month high of $159.09. The stock has a 50 day moving average of $94.01 and a two-hundred day moving average of $97.61. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a market cap of $47.67 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58.

SEA (NYSE:SE) last released 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). The firm 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%. The business’s revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. On average, analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.