Sea Limited Sponsored ADR $SE Stock: TT International Asset Management LTD Decreases Holdings

TT International Asset Management LTD decreased its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 34.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,725 shares of the Internet company based in Singapore’s stock after selling 11,422 shares during the quarter. SEA makes up about 0.2% of TT International Asset Management LTD’s holdings, making the stock its 17th largest position. TT International Asset Management LTD’s holdings in SEA were worth $2,115,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SE. Bank Pictet & Cie Europe AG boosted its position in shares of SEA by 21.5% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock valued at $11,406,000 after purchasing an additional 20,680 shares during the period. Capstone Capital Management Ltd purchased a new position in SEA during the 1st quarter worth approximately $1,612,000. Whetstone Capital Advisors LLC purchased a new position in SEA during the 2nd quarter worth approximately $8,191,000. Banque Pictet & Cie SA increased its position in SEA by 6.6% during the third quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after buying an additional 17,657 shares during the period. Finally, Corient Private Wealth LP increased its position in SEA by 61.4% during the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after buying an additional 10,099 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SE. New Street Research cut 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, October 26th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. TD Cowen restated a “hold” rating and set a $115.00 target price (up from $100.00) on shares of SEA in a research report on Monday, August 17th. JPMorgan Chase & Co. cut their target price on shares of SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. Finally, Benchmark upped their price target on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.73.

SEA Stock Performance

NYSE SE opened at $76.57 on Wednesday. The firm has a market cap of $46.79 billion, a P/E ratio of 29.56, a P/E/G ratio of 0.78 and a beta of 1.58. Sea Limited Sponsored ADR has a 52-week low of $71.53 and a 52-week high of $159.80. The business’s 50-day moving average price is $97.44 and its 200 day moving average price is $98.50. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS 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 for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 48.3% on a year-over-year basis. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jingye Chen sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total transaction of $3,266,100.00. Following the completion of the sale, the insider owned 270,000 shares in the company, valued at $29,394,900. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Feng Zhao sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total value of $3,800,800.00. Following the sale, the insider owned 93,580 shares of the company’s stock, valued at $8,891,971.60. This trade represents a 29.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,995,486 shares of company stock worth $243,759,780. 0.22% of the stock is currently owned by company insiders.

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.