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

Robeco Institutional Asset Management B.V. trimmed its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raiffeisen Bank International AG increased its stake in shares of SEA by 1.8% in the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC lifted its position in shares of SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after purchasing an additional 170 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake 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 valued at $70,000 after purchasing an additional 174 shares during the period. Grove Bank & Trust boosted its stake in SEA by 53.9% during the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after purchasing an additional 215 shares during the period. Finally, IFP Advisors Inc boosted its stake in SEA by 11.6% during the 3rd quarter. IFP Advisors Inc now owns 4,061 shares of the Internet company based in Singapore’s stock valued at $395,000 after purchasing an additional 421 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Arete Research set a $152.00 target price on SEA and gave the company a “buy” rating in a report on Monday, September 7th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Morgan Stanley reissued an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Barclays increased their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, TD Cowen restated a “hold” rating on shares of SEA in a research note on Monday, August 17th. One equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Insider Transactions at SEA

In other news, insider Feng Zhao sold 40,000 shares of SEA stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the sale, the insider owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This trade represents a 29.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gang Ye sold 30,000 shares of SEA stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total value of $3,880,500.00. Following the sale, the chief operating officer directly owned 430,000 shares in the company, valued at $55,620,500. The trade was a 6.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,099,986 shares of company stock worth $255,172,982. Insiders own 0.22% of the company’s stock.

SEA Stock Performance

NYSE:SE opened at $74.47 on Friday. The firm’s 50-day moving average is $103.26 and its 200-day moving average is $98.41. The company has a market cap of $45.50 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 0.77 and a beta of 1.54. 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 Limited Sponsored ADR has a 52-week low of $74.12 and a 52-week high of $164.03.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

SEA Company Profile

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.