OVERSEA CHINESE BANKING Corp Ltd Has $257.41 Million Stock Holdings in Sea Limited Sponsored ADR $SE

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 11.5% during the third quarter, HoldingsChannel.com reports. The firm owned 1,440,820 shares of the Internet company based in Singapore’s stock after buying an additional 148,621 shares during the period. SEA accounts for 6.3% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 2nd biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SEA were worth $257,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Baird Financial Group Inc. raised its stake in SEA by 14.4% in the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock worth $88,924,000 after acquiring an additional 70,070 shares during the last quarter. State of Tennessee Department of Treasury raised its position in shares of SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock worth $86,880,000 after purchasing an additional 27,964 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of 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 valued at $27,024,000 after acquiring an additional 2,106 shares during the last quarter. Andra AP fonden raised its stake in SEA by 33.6% in the 2nd quarter. Andra AP fonden now owns 134,900 shares of the Internet company based in Singapore’s stock valued at $21,576,000 after purchasing an additional 33,900 shares during the last quarter. Finally, Amiral Gestion lifted its stake in shares of SEA by 1.3% in the second quarter. Amiral Gestion now owns 40,500 shares of the Internet company based in Singapore’s stock worth $6,478,000 after buying an additional 500 shares in the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SE. Barclays lifted their price objective on SEA from $214.00 to $226.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. Wedbush decreased their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. TD Cowen cut their price objective on SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley set a $209.00 target price on shares of SEA in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.61.

SEA Stock Down 3.3%

Shares of NYSE SE opened at $125.54 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.44 and a debt-to-equity ratio of 0.03. The stock has a market cap of $73.95 billion, a PE ratio of 55.06 and a beta of 1.57. The business has a 50-day moving average price of $133.50 and a 200 day moving average price of $157.63. Sea Limited Sponsored ADR has a 52-week low of $99.50 and a 52-week high of $199.30.

SEA (NYSE:SE) last announced its earnings results on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.52). The business had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. SEA had a net margin of 6.80% and a return on equity of 15.19%. The business’s revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA announced that its Board of Directors has approved a share buyback plan 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 plans are usually an indication that the company’s leadership believes its shares are undervalued.

About SEA

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.