1,466,148 Shares in Sea Limited Sponsored ADR $SE Acquired by Carrhae Capital LLP

Carrhae Capital LLP bought a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,466,148 shares of the Internet company based in Singapore’s stock, valued at approximately $140,501,000. SEA makes up about 3.8% of Carrhae Capital LLP’s portfolio, making the stock its 5th biggest position. Carrhae Capital LLP owned approximately 0.24% of SEA at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in shares of SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after purchasing an additional 39,253,472 shares during the last quarter. Charles Lim Capital Ltd grew its stake in SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after purchasing an additional 475,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in SEA in the second quarter worth about $37,527,000. State of Tennessee Department of Treasury lifted its position in shares of SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after buying an additional 175,746 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of SEA during the second quarter valued at about $12,410,000. 59.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SE. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. TD Cowen restated a “hold” rating on shares of SEA in a research note on Monday, August 17th. Arete Research set a $152.00 price objective on SEA and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley restated an “overweight” rating and set a $153.00 target price on shares of SEA in a research note on Thursday, August 13th. Finally, Benchmark upped their target price on 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 issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and an average target price of $149.40.

Insider Activity

In other SEA news, insider Yanjun Wang sold 1,500 shares of SEA stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $112.48, for a total transaction of $168,720.00. Following the completion of the sale, the insider directly owned 14,100 shares in the company, valued at approximately $1,585,968. The trade was a 9.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Feng Zhao sold 2,000 shares of SEA stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $120.07, for a total transaction of $240,140.00. Following the sale, the insider owned 133,580 shares of the company’s stock, valued at approximately $16,038,950.60. The trade was a 1.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,997,166 shares of company stock valued at $243,478,064. 0.22% of the stock is owned by insiders.

SEA Stock Performance

Shares of NYSE SE traded up $1.39 during mid-day trading on Tuesday, hitting $113.48. The stock had a trading volume of 4,412,074 shares, compared to its average volume of 4,889,919. The firm has a market cap of $69.34 billion, a PE ratio of 43.82, a PEG ratio of 1.12 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The company has a 50 day moving average of $111.50 and a two-hundred day moving average of $97.11. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30.

SEA (NYSE:SE) last posted its quarterly 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). The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Research analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS 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.