Carmignac Gestion Buys 14,242 Shares of Sea Limited Sponsored ADR $SE

Carmignac Gestion grew its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 651,818 shares of the Internet company based in Singapore’s stock after buying an additional 14,242 shares during the period. SEA accounts for 0.8% of Carmignac Gestion’s portfolio, making the stock its 28th biggest holding. Carmignac Gestion’s holdings in SEA were worth $62,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SE. Zions Bancorporation National Association UT increased its stake in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after acquiring an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after purchasing an additional 573 shares during the period. Independence Bank of Kentucky boosted its stake in SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after buying an additional 1,100 shares during the period. Finally, Osbon Capital Management LLC bought a new position in SEA during the 4th quarter valued at about $175,000. 59.53% of the stock is currently owned by institutional investors.

SEA Stock Up 1.2%

SEA stock traded up $1.39 during mid-day trading on Tuesday, reaching $113.48. 4,412,074 shares of the company were exchanged, compared to its average volume of 4,889,919. The business has a fifty day moving average of $111.50 and a 200 day moving average of $97.11. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The firm has a market cap of $69.34 billion, a P/E ratio of 43.82, a PEG ratio of 1.12 and a beta of 1.51. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. Research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SE shares. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of SEA in a research note on Thursday, August 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. TD Cowen restated a “hold” rating on shares of SEA in a report on Monday, August 17th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday. Finally, Benchmark increased their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $149.40.

Insider Activity at SEA

In related news, COO Gang Ye sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the completion of the sale, the chief operating officer owned 430,000 shares of the company’s stock, valued at $55,620,500. This represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Xiaodong Li sold 1,057,650 shares of SEA stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the completion of the transaction, the chief executive officer directly owned 288,450 shares in the company, valued at $37,440,810. This represents a 78.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,997,166 shares of company stock valued at $243,478,064. 0.22% of the stock is currently owned by company insiders.

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.