Strs Ohio Decreases Stock Position in Sea Limited Sponsored ADR $SE

Strs Ohio lessened its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 34.5% during the 1st quarter, HoldingsChannel reports. The firm owned 25,090 shares of the Internet company based in Singapore’s stock after selling 13,238 shares during the period. Strs Ohio’s holdings in SEA were worth $2,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SE. Venturi Wealth Management LLC boosted its stake in SEA by 110.5% during the first quarter. Venturi Wealth Management LLC now owns 10,965 shares of the Internet company based in Singapore’s stock worth $908,000 after buying an additional 5,757 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares during the period. Osbon Capital Management LLC purchased a new position in shares of SEA during the fourth quarter worth $175,000. Dorsey Wright & Associates boosted its holdings in SEA by 2.3% during the 4th quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock valued at $1,660,000 after acquiring an additional 298 shares during the period. Finally, State of Tennessee Department of Treasury boosted its stake in shares of SEA by 32.4% in 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 purchasing an additional 175,746 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Price Performance

SEA stock traded up $0.39 during mid-day trading on Tuesday, reaching $105.39. The company had a trading volume of 412,151 shares, compared to its average volume of 4,968,971. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The company has a market capitalization of $64.40 billion, a P/E ratio of 41.26, a P/E/G ratio of 1.11 and a beta of 1.55. The stock’s 50-day simple moving average is $89.92 and its 200-day simple moving average is $100.17. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 earnings per share. On average, equities analysts predict that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Insider Activity at SEA

In related news, COO Gang Ye sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $100.89, for a total value of $2,017,800.00. Following the sale, the chief operating officer owned 540,000 shares of the company’s stock, valued at approximately $54,480,600. This represents a 3.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Y. Ma sold 176,719 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $87.56, for a total value of $15,473,515.64. Following the completion of the sale, the director owned 895,364 shares in the company, valued at $78,398,071.84. This represents a 16.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,670,217 shares of company stock valued at $148,017,516 over the last 90 days. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SE. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Bank of America restated a “buy” rating and set a $125.00 price target on shares of SEA in a research note on Monday, March 9th. JPMorgan Chase & Co. lowered their price objective on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Finally, TD Cowen boosted their target price on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and a consensus target price of $155.54.

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.