Sea Limited Sponsored ADR $SE Shares Bought by Andra AP fonden

Andra AP fonden raised its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 69.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,100 shares of the Internet company based in Singapore’s stock after purchasing an additional 24,700 shares during the quarter. Andra AP fonden’s holdings in SEA were worth $4,977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT raised its stake 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 buying an additional 259 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after buying an additional 573 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in SEA during the fourth quarter worth about $175,000. Finally, Cloud Capital Management LLC grew its holdings in SEA by 8.0% during the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after acquiring an additional 148 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SE has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday. Finally, TD Cowen increased their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

Insider Transactions at SEA

In related news, CFO Tianyu Hou sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $100.09, for a total transaction of $500,450.00. Following the completion of the transaction, the chief financial officer owned 15,000 shares in the company, valued at $1,501,350. This represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $112.62, for a total transaction of $2,252,400.00. Following the completion of the transaction, the chief operating officer directly owned 400,000 shares in the company, valued at $45,048,000. This represents a 4.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 420,800 shares of company stock valued at $39,179,452 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

SEA Trading Down 1.1%

Shares of NYSE:SE opened at $105.13 on Thursday. The business’s 50 day moving average price is $94.72 and its 200-day moving average price is $98.64. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The firm has a market capitalization of $64.24 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. On average, equities research analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

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.