Lingohr Asset Management GmbH Has $2.27 Million Stake in Sea Limited Sponsored ADR $SE

Lingohr Asset Management GmbH grew its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 219.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,700 shares of the Internet company based in Singapore’s stock after purchasing an additional 8,724 shares during the quarter. Lingohr Asset Management GmbH’s holdings in SEA were worth $2,270,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SE. Belpointe Asset Management LLC raised its holdings in shares of SEA by 1.8% in the third quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock valued at $1,033,000 after buying an additional 103 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of SEA by 2.3% in the second quarter. Venturi Wealth Management LLC now owns 5,147 shares of the Internet company based in Singapore’s stock worth $823,000 after acquiring an additional 114 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of SEA by 49.2% during the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock worth $63,000 after purchasing an additional 130 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SEA by 4.8% during the third quarter. GAMMA Investing LLC now owns 3,112 shares of the Internet company based in Singapore’s stock valued at $556,000 after purchasing an additional 142 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in shares of SEA by 2,860.0% in the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

Shares of NYSE:SE opened at $116.52 on Friday. The firm’s 50 day simple moving average is $128.50 and its 200 day simple moving average is $155.24. Sea Limited Sponsored ADR has a fifty-two week low of $99.50 and a fifty-two week high of $199.30. The company has a market capitalization of $68.64 billion, a price-to-earnings ratio of 51.11 and a beta of 1.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42.

SEA (NYSE:SE) last posted its earnings results on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.52). SEA had a return on equity of 15.19% and a net margin of 6.80%.The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA announced that its Board of Directors has initiated a stock buyback program on Monday, November 17th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the Internet company based in Singapore to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have issued reports on SE. Wedbush reduced their price objective on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Barclays upped their price target on SEA from $214.00 to $226.00 and gave the company an “overweight” rating in a research note on Thursday, November 13th. Morgan Stanley set a $209.00 price target on SEA in a report on Wednesday, October 22nd. Bank of America raised SEA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $206.00 to $215.00 in a report on Thursday, October 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.61.

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.