Sea Limited Sponsored ADR $SE Stock Holdings Lifted by CenterBook Partners LP

CenterBook Partners LP boosted its stake in Sea Limited Sponsored ADR (NYSE:SE) by 404.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,949 shares of the Internet company based in Singapore’s stock after purchasing an additional 57,677 shares during the quarter. CenterBook Partners LP’s holdings in SEA were worth $7,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carrhae Capital LLP acquired a new position in shares of SEA in the 2nd quarter valued at approximately $140,501,000. Sumitomo Mitsui Trust Group Inc. increased its stake in SEA by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock valued at $120,826,000 after acquiring an additional 52,660 shares during the last quarter. Baird Financial Group Inc. increased its stake in SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after acquiring an additional 50,965 shares during the last quarter. Carmignac Gestion increased its stake in SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after acquiring an additional 14,242 shares during the last quarter. Finally, National Pension Service lifted its stake in SEA by 10.0% during the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after purchasing an additional 54,819 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO Xiaodong Li sold 1,057,650 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the completion of the transaction, the chief executive officer directly owned 288,450 shares in the company, valued at $37,440,810. This trade represents a 78.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gang Ye sold 30,000 shares of SEA stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total value of $3,880,500.00. Following the completion of the transaction, the chief operating officer directly owned 430,000 shares in the company, valued at approximately $55,620,500. This represents a 6.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,005,586 shares of company stock valued at $243,859,568 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SE has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 target price on shares of SEA in a report on Thursday, August 13th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. Arete Research raised SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, September 7th. New Street Research cut SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Monday, October 26th. Finally, Benchmark boosted their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $137.73.

SEA Trading Down 0.3%

NYSE SE traded down $0.20 on Friday, hitting $75.43. The company’s stock had a trading volume of 8,819,217 shares, compared to its average volume of 7,430,746. The company’s 50-day moving average is $94.84 and its 200 day moving average is $97.82. The firm has a market cap of $46.09 billion, a PE ratio of 29.12, a PEG ratio of 0.78 and a beta of 1.58. Sea Limited Sponsored ADR has a 1-year low of $71.53 and a 1-year high of $159.09. 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 issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. SEA’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. As a group, analysts predict that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.