Sea Limited Sponsored ADR $SE Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 555.1% during the third quarter, Holdings Channel reports. The firm owned 12,297 shares of the Internet company based in Singapore’s stock after acquiring an additional 10,420 shares during the quarter. Sterling Capital Management LLC’s holdings in SEA were worth $1,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carrhae Capital LLP bought a new stake in shares of SEA during the 2nd quarter valued at about $140,501,000. Baird Financial Group Inc. increased its holdings in SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after purchasing an additional 50,965 shares in the last quarter. Carmignac Gestion increased its holdings in SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after purchasing an additional 14,242 shares in the last quarter. National Pension Service increased its holdings in SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after purchasing an additional 54,819 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in SEA by 80.6% in the third quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock valued at $54,881,000 after buying an additional 251,517 shares during the period. Institutional investors own 59.53% of the company’s stock.

Insiders Place Their Bets

In other SEA news, CFO Tianyu Hou sold 10,000 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $89.03, for a total transaction of $890,300.00. Following the transaction, the chief financial officer owned 35,000 shares in the company, valued at approximately $3,116,050. This represents a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $76.33, for a total transaction of $61,064.00. Following the completion of the sale, the insider owned 74,380 shares in the company, valued at $5,677,425.40. This represents a 1.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,078,786 shares of company stock valued at $252,974,286 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Benchmark increased their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Barclays lifted their price objective on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. New Street Research lowered shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Monday. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Wall Street Zen raised shares of SEA from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average price target of $142.18.

SEA Stock Down 0.9%

SE stock opened at $73.95 on Tuesday. The stock’s 50 day simple moving average is $102.50 and its 200 day simple moving average is $100.20. The company has a market cap of $45.19 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 0.76 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 fifty-two week low of $71.53 and a fifty-two week high of $164.03.

SEA (NYSE:SE) last announced its quarterly earnings data 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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 48.3% on a year-over-year basis. On average, research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

About SEA

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.