Lakehouse Capital Pty Ltd Has $14.32 Million Stock Holdings in Sea Limited Sponsored ADR $SE

Lakehouse Capital Pty Ltd cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 28.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,125 shares of the Internet company based in Singapore’s stock after selling 32,258 shares during the quarter. SEA makes up approximately 8.8% of Lakehouse Capital Pty Ltd’s portfolio, making the stock its 6th biggest position. Lakehouse Capital Pty Ltd’s holdings in SEA were worth $14,321,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SE. Armistice Capital LLC raised its position in shares of SEA by 254.8% in the 3rd quarter. Armistice Capital LLC now owns 22,000 shares of the Internet company based in Singapore’s stock worth $3,932,000 after acquiring an additional 15,800 shares in the last quarter. Williamson Legacy Group LLC acquired a new stake in SEA during the third quarter worth approximately $1,232,000. Fred Alger Management LLC increased its holdings in SEA by 22.1% in the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after purchasing an additional 521,782 shares in the last quarter. BNP Paribas lifted its stake in SEA by 24.0% in the third quarter. BNP Paribas now owns 35,846 shares of the Internet company based in Singapore’s stock valued at $6,407,000 after buying an additional 6,939 shares during the period. Finally, Horizon Investments LLC lifted its stake in SEA by 11.4% in the third quarter. Horizon Investments LLC now owns 9,526 shares of the Internet company based in Singapore’s stock valued at $1,703,000 after buying an additional 978 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

Shares of NYSE:SE opened at $87.50 on Wednesday. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock’s 50 day moving average is $110.95 and its 200-day moving average is $140.67. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $51.55 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 0.81 and a beta of 1.59.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.28). The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on SE. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 price objective on shares of SEA in a research report on Tuesday, March 3rd. Barclays dropped their target price on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Wedbush cut their target price on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the company an “overweight” rating in a research note on Friday. Finally, Bank of America reiterated a “buy” rating and set a $125.00 price objective on shares of SEA in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SEA has an average rating of “Moderate Buy” and an average price target of $166.83.

SEA Company 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.