TT International Asset Management LTD Sells 11,422 Shares of Sea Limited Sponsored ADR $SE

TT International Asset Management LTD cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 34.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,725 shares of the Internet company based in Singapore’s stock after selling 11,422 shares during the quarter. SEA comprises about 0.2% of TT International Asset Management LTD’s investment portfolio, making the stock its 17th biggest holding. TT International Asset Management LTD’s holdings in SEA were worth $2,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Integrity Alliance LLC. acquired a new position in shares of SEA during the 3rd quarter valued at about $331,000. Trek Financial LLC acquired a new stake in shares of SEA in the third quarter worth approximately $11,844,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of SEA by 0.9% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore’s stock worth $1,659,000 after acquiring an additional 146 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of 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 worth $120,826,000 after acquiring an additional 52,660 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SEA in the third quarter worth approximately $3,305,000. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE SE opened at $76.57 on Wednesday. The firm has a market capitalization of $46.79 billion, a P/E ratio of 29.56, a P/E/G 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 $159.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The business’s 50-day simple moving average is $97.44 and its 200-day simple moving average is $98.50.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Equities analysts predict that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Insider Activity at SEA

In other news, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $74.58, for a total value of $59,664.00. Following the transaction, the insider owned 69,580 shares of the company’s stock, valued at approximately $5,189,276.40. This trade represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tianyu Hou sold 10,000 shares of the firm’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $89.03, for a total transaction of $890,300.00. Following the completion of the transaction, the chief financial officer directly owned 35,000 shares in the company, valued at approximately $3,116,050. This represents a 22.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,995,486 shares of company stock valued at $243,759,780. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 target price for the company in a report on Monday, September 7th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. TD Cowen reiterated a “hold” rating and issued a $115.00 price target (up from $100.00) on shares of SEA in a report on Monday, August 17th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 price target on shares of SEA in a report on Thursday, August 13th. Finally, Royal Bank Of Canada raised shares of SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $137.73.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.