10,182 Sea Limited Sponsored ADR $SE Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 6.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 153,058 shares of the Internet company based in Singapore’s stock after selling 10,182 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SEA were worth $14,902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG raised its position in SEA by 21.5% in the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock worth $11,406,000 after purchasing an additional 20,680 shares in the last quarter. Capstone Capital Management Ltd bought a new position in SEA during the first quarter worth about $1,612,000. Whetstone Capital Advisors LLC bought a new position in SEA during the second quarter worth about $8,191,000. Banque Pictet & Cie SA lifted its stake in SEA by 6.6% during the third quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after purchasing an additional 17,657 shares during the period. Finally, Corient Private Wealth LP boosted its holdings in SEA by 61.4% during the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock valued at $2,543,000 after purchasing an additional 10,099 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Down 1.6%

NYSE SE opened at $74.47 on Friday. The firm has a market cap of $45.50 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54. Sea Limited Sponsored ADR has a one year low of $74.12 and a one year high of $164.03. The stock’s 50 day simple moving average is $103.26 and its 200 day simple moving average is $98.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SE shares. Barclays upped their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Benchmark raised their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Finally, Wall Street Zen upgraded SEA from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

Insider Buying and Selling at SEA

In other news, CFO Tianyu Hou sold 10,000 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $89.03, for a total value of $890,300.00. Following the completion of the sale, the chief financial officer directly owned 35,000 shares in the company, valued at approximately $3,116,050. This trade represents a 22.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $76.33, for a total value of $61,064.00. Following the completion of the sale, the insider owned 74,380 shares of the company’s stock, valued at approximately $5,677,425.40. This trade represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,099,986 shares of company stock worth $255,172,982 in the last 90 days. Company insiders own 0.22% of the company’s stock.

About SEA

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.