FirstWave Capital Management LLC Grows Holdings in Sea Limited Sponsored ADR $SE

FirstWave Capital Management LLC grew its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 19.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,120 shares of the Internet company based in Singapore’s stock after buying an additional 7,369 shares during the quarter. SEA accounts for approximately 1.9% of FirstWave Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. FirstWave Capital Management LLC’s holdings in SEA were worth $4,324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zions Bancorporation National Association UT increased its position in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 259 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares in the last quarter. Independence Bank of Kentucky grew its holdings in SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after buying an additional 1,100 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new stake in shares of SEA during the fourth quarter valued at about $175,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SEA

In other news, President Zhimin Feng sold 4,116 shares of SEA stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $120.45, for a total transaction of $495,772.20. Following the sale, the president owned 208,291 shares of the company’s stock, valued at approximately $25,088,650.95. The trade was a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Feng Zhao sold 2,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $120.07, for a total transaction of $240,140.00. Following the transaction, the insider owned 133,580 shares in the company, valued at $16,038,950.60. This represents a 1.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 2,007,966 shares of company stock worth $244,388,876. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. dropped their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.11.

SEA Trading Down 0.9%

NYSE SE opened at $112.09 on Friday. The stock has a market cap of $68.49 billion, a P/E ratio of 43.28, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The stock has a 50 day simple moving average of $111.11 and a two-hundred day simple moving average of $97.15. 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 announced its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA’s revenue was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. On average, analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

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.