Andra AP fonden Purchases 9,400 Shares of Sea Limited Sponsored ADR $SE

Andra AP fonden boosted its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 7.0% in the third quarter, Holdings Channel reports. The institutional investor owned 144,300 shares of the Internet company based in Singapore’s stock after buying an additional 9,400 shares during the period. Andra AP fonden’s holdings in SEA were worth $25,791,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Woodline Partners LP bought a new position in shares of SEA during the first quarter valued at $4,028,000. First Horizon Advisors Inc. grew its stake in shares of SEA by 10.1% in the second quarter. First Horizon Advisors Inc. now owns 2,207 shares of the Internet company based in Singapore’s stock worth $353,000 after purchasing an additional 203 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in SEA by 15.1% in the second quarter. SBI Securities Co. Ltd. now owns 6,871 shares of the Internet company based in Singapore’s stock valued at $1,099,000 after purchasing an additional 903 shares during the period. Freemont Capital Pte Ltd acquired a new position in shares of SEA during the 2nd quarter valued at $448,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in SEA by 16.2% during the second quarter. Pinnacle Wealth Planning Services Inc. now owns 5,522 shares of the Internet company based in Singapore’s stock worth $883,000 after acquiring an additional 771 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Cowen decreased their price target on shares of SEA from $165.00 to $144.00 and set a “hold” rating for the company in a research note on Monday, November 10th. Barclays boosted their target price on SEA from $214.00 to $226.00 and gave the company an “overweight” rating in a research report on Thursday, November 13th. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. Finally, Wedbush reduced their price target on shares of SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and a consensus price target of $189.84.

SEA Price Performance

SEA stock opened at $110.95 on Friday. The business’s 50 day simple moving average is $120.76 and its 200 day simple moving average is $149.03. Sea Limited Sponsored ADR has a 12 month low of $99.50 and a 12 month high of $199.30. The company has a market cap of $65.36 billion, a price-to-earnings ratio of 48.66 and a beta of 1.59. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03.

SEA declared that its board has authorized a stock repurchase program on Monday, November 17th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the Internet company based in Singapore to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About SEA

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.