Sea Limited Sponsored ADR $SE Stock: Sustainable Growth Advisers LP Trims Stake

Sustainable Growth Advisers LP lowered its stake in Sea Limited Sponsored ADR (NYSE:SE) by 25.2% during the 3rd quarter, Holdings Channel reports. The firm owned 299,516 shares of the Internet company based in Singapore’s stock after selling 100,651 shares during the quarter. Sustainable Growth Advisers LP’s holdings in SEA were worth $29,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carrhae Capital LLP bought a new position in shares of SEA during the 2nd quarter valued at about $140,501,000. Public Employees Retirement System of Ohio bought a new stake in shares of SEA in the second quarter worth about $37,527,000. Assenagon Asset Management S.A. increased its holdings in shares of SEA by 80.6% in 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 purchasing an additional 251,517 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of SEA in the second quarter worth about $12,410,000. Finally, Ninety One North America Inc. bought a new stake in shares of SEA in the third quarter worth about $9,734,000. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Arete Research set a $152.00 target price on SEA and gave the stock a “buy” rating in a research report on Monday, September 7th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. Finally, Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.40.

SEA Stock Performance

NYSE SE opened at $97.57 on Friday. The business’s 50 day moving average price is $108.11 and its 200-day moving average price is $98.52. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $175.80. The company has a market cap of $59.62 billion, a P/E ratio of 37.67, a P/E/G ratio of 0.97 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The firm’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Insider Activity

In related news, insider Yanjun Wang sold 1,000 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $95.49, for a total value of $95,490.00. Following the sale, the insider directly owned 79,780 shares of the company’s stock, valued at $7,618,192.20. This represents a 1.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Feng Zhao sold 40,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the completion of the sale, the insider directly owned 93,580 shares in the company, valued at $8,891,971.60. This trade represents a 29.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,148,786 shares of company stock valued at $260,452,510 in the last 90 days. Company insiders own 0.22% of the company’s stock.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.