Rathbones Group PLC Boosts Stock Position in Sea Limited Sponsored ADR $SE

Rathbones Group PLC raised its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 78.6% in the 4th quarter, Holdings Channel reports. The fund owned 22,015 shares of the Internet company based in Singapore’s stock after acquiring an additional 9,688 shares during the quarter. Rathbones Group PLC’s holdings in SEA were worth $2,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC raised its stake in SEA by 9.1% during the 4th quarter. Burns Matteson Capital Management LLC now owns 2,081 shares of the Internet company based in Singapore’s stock valued at $265,000 after acquiring an additional 173 shares during the last quarter. Stonekeep Investments LLC raised its stake in SEA by 5.6% during the 4th quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock valued at $403,000 after acquiring an additional 167 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in SEA during the 4th quarter valued at approximately $44,000. Oarsman Capital Inc. purchased a new stake in SEA during the 3rd quarter valued at approximately $201,000. Finally, Armistice Capital LLC raised its stake in SEA by 254.8% during the 3rd quarter. Armistice Capital LLC now owns 22,000 shares of the Internet company based in Singapore’s stock valued at $3,932,000 after acquiring an additional 15,800 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Sanford C. Bernstein reduced their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Bank of America reissued a “buy” rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. 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 note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.83.

SEA Stock Performance

Shares of SE stock opened at $81.46 on Wednesday. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. The stock has a 50 day simple moving average of $97.16 and a 200-day simple moving average of $129.17. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

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

Insiders Place Their Bets

In related news, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $81.96, for a total value of $65,568.00. Following the sale, the insider owned 33,200 shares in the company, valued at $2,721,072. This represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jingye Chen sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $81.87, for a total value of $65,496.00. Following the completion of the sale, the insider owned 236,000 shares in the company, valued at approximately $19,321,320. This represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 129,635 shares of company stock valued at $10,881,564. Corporate insiders own 0.22% of the company’s stock.

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.