Mirae Asset Global Investments Co. Ltd. Makes New Investment in Sea Limited Sponsored ADR $SE

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Sea Limited Sponsored ADR (NYSE:SE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,951 shares of the Internet company based in Singapore’s stock, valued at approximately $3,305,000.

Other institutional investors have also added to or reduced their stakes in the company. Raiffeisen Bank International AG grew its position in SEA by 1.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock valued at $595,000 after acquiring an additional 115 shares during the last quarter. Profund Advisors LLC grew its stake in SEA by 3.2% in the 3rd quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore’s stock valued at $502,000 after acquiring an additional 158 shares during the period. GAMMA Investing LLC lifted its stake in shares of SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after buying an additional 170 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares during the last quarter. Finally, Gibbs Wealth Management boosted its position in shares of SEA by 5.4% during the 3rd quarter. Gibbs Wealth Management now owns 3,817 shares of the Internet company based in Singapore’s stock worth $372,000 after purchasing an additional 194 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Insiders Place Their Bets

In related news, insider Feng Zhao sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the completion of the sale, the insider owned 93,580 shares in the company, valued at $8,891,971.60. This represents a 29.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Gang Ye sold 30,000 shares of the firm’s 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 sale, the chief operating officer owned 430,000 shares of the company’s stock, valued at $55,620,500. This represents a 6.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,005,586 shares of company stock valued at $243,859,568. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. New Street Research lowered SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Monday, October 26th. Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Monday, September 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. TD Cowen restated a “hold” rating and set a $115.00 target price (up from $100.00) on shares of SEA in a report on Monday, August 17th. Finally, Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.73.

SEA Price Performance

NYSE SE traded down $0.20 on Friday, reaching $75.43. 8,819,217 shares of the stock traded hands, compared to its average volume of 7,430,746. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The company has a market cap of $46.09 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 0.78 and a beta of 1.58. The firm’s fifty day simple moving average is $94.84 and its 200 day simple moving average is $97.82. Sea Limited Sponsored ADR has a 12 month low of $71.53 and a 12 month high of $159.09.

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

About SEA

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.