Sea Limited Sponsored ADR $SE Shares Bought by C WorldWide Group Holding A S

C WorldWide Group Holding A S boosted its position in Sea Limited Sponsored ADR (NYSE:SE) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,560 shares of the Internet company based in Singapore’s stock after purchasing an additional 4,953 shares during the period. C WorldWide Group Holding A S’s holdings in SEA were worth $19,028,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT grew its stake in SEA by 539.6% in 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 acquiring an additional 259 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings 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 valued at $70,000 after purchasing an additional 174 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after purchasing an additional 1,100 shares in the last quarter. Cullen Frost Bankers Inc. grew its position 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 valued at $144,000 after purchasing an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in shares of SEA in the fourth quarter valued at approximately $175,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SE. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday. Barclays upped their price objective on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Arete Research set a $152.00 target price on shares of SEA and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

Insiders Place Their Bets

In other SEA news, President Zhimin Feng sold 4,116 shares of SEA stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $120.45, for a total value of $495,772.20. Following the completion of the sale, the president owned 208,291 shares in the company, valued at $25,088,650.95. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yanjun Wang sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $112.75, for a total transaction of $169,125.00. Following the transaction, the insider directly owned 9,600 shares of the company’s stock, valued at approximately $1,082,400. This represents a 13.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,009,366 shares of company stock valued at $245,180,736. Insiders own 0.22% of the company’s stock.

SEA Trading Up 1.2%

Shares of SEA stock opened at $113.48 on Wednesday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a market cap of $69.34 billion, a PE ratio of 43.82, a P/E/G ratio of 1.12 and a beta of 1.51. The business’s fifty day moving average is $111.85 and its two-hundred day moving average is $97.11. 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 announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The business had revenue of $7.79 billion during 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%. SEA’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

SEA Profile

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.