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

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 11.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,440,820 shares of the Internet company based in Singapore’s stock after purchasing an additional 148,621 shares during the period. SEA makes up about 6.3% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 2nd biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.24% of SEA worth $257,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SE. Woodline Partners LP purchased a new position in shares of SEA in the first quarter worth $4,028,000. Farther Finance Advisors LLC lifted its stake in shares of SEA by 209.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,889 shares of the Internet company based in Singapore’s stock valued at $622,000 after purchasing an additional 2,634 shares during the period. GAMMA Investing LLC boosted its holdings in shares of SEA by 11.4% during the 2nd quarter. GAMMA Investing LLC now owns 2,970 shares of the Internet company based in Singapore’s stock valued at $475,000 after buying an additional 303 shares in the last quarter. ORG Partners LLC grew its holdings in SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock worth $25,000 after purchasing an additional 138 shares during the period. Finally, SOA Wealth Advisors LLC. grew its stake in shares of SEA by 47.1% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 1,250 shares of the Internet company based in Singapore’s stock worth $200,000 after buying an additional 400 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SE has been the topic of a number of recent analyst reports. Bank of America upgraded shares of SEA from a “neutral” rating to a “buy” rating and increased their price target for the company from $206.00 to $215.00 in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. TD Cowen lowered their target price on SEA from $165.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, November 10th. Morgan Stanley set a $209.00 price target on shares of SEA in a research report on Wednesday, October 22nd. Finally, Wedbush cut their target price on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $192.61.

SEA Price Performance

Shares of SE stock opened at $125.54 on Thursday. Sea Limited Sponsored ADR has a one year low of $99.50 and a one year high of $199.30. The company has a market capitalization of $73.95 billion, a P/E ratio of 55.06 and a beta of 1.57. The company’s 50-day simple moving average is $133.50 and its two-hundred day simple moving average is $157.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42.

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

SEA declared that its Board of Directors has approved a share buyback program 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 purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is 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.