99,981 Shares of Sea Limited Sponsored ADR $SE Purchased by Ninety One North America Inc.

Ninety One North America Inc. purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 99,981 shares of the Internet company based in Singapore’s stock, valued at approximately $9,734,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Roberts Wealth Advisors LLC boosted its position in shares of SEA by 1.7% during the third quarter. Roberts Wealth Advisors LLC now owns 64,976 shares of the Internet company based in Singapore’s stock worth $6,326,000 after buying an additional 1,089 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of SEA during the third quarter worth about $206,000. Euro Pacific Asset Management LLC acquired a new stake in SEA in the 3rd quarter valued at approximately $2,159,000. Sax Wealth Advisors LLC acquired a new stake in SEA in the 3rd quarter valued at approximately $1,163,000. Finally, Grove Bank & Trust raised its position in SEA by 53.9% in the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after buying an additional 215 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SE has been the subject of a number of recent research reports. Arete Research set a $152.00 price target on SEA and gave the stock a “buy” rating in a research report on Monday, September 7th. Benchmark increased their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Finally, Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.40.

Insider Activity

In other SEA news, insider Feng Zhao sold 40,000 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the sale, the insider directly owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Xiaodong Li sold 1,057,650 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the completion of the sale, the chief executive officer owned 288,450 shares of the company’s stock, valued at approximately $37,440,810. This represents a 78.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,148,786 shares of company stock valued at $260,452,510 over the last three months. Corporate insiders own 0.22% of the company’s stock.

SEA Stock Up 1.7%

SE stock traded up $1.60 during mid-day trading on Thursday, reaching $96.92. The company had a trading volume of 1,314,889 shares, compared to its average volume of 4,765,486. The company has a market capitalization of $59.22 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 0.98 and a beta of 1.54. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $175.80. The stock has a 50 day simple moving average of $108.37 and a two-hundred day simple moving average of $98.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

SEA Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.