Sea Limited Sponsored ADR $SE Shares Bought by Rathbones Group PLC

Rathbones Group PLC lifted its stake in Sea Limited Sponsored ADR (NYSE:SE) by 78.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,015 shares of the Internet company based in Singapore’s stock after acquiring an additional 9,688 shares during the period. Rathbones Group PLC’s holdings in SEA were worth $2,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its stake in shares of SEA by 1.9% in the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after acquiring an additional 98 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of SEA by 1.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock worth $1,033,000 after acquiring an additional 103 shares during the period. Rothschild Investment LLC lifted its stake in shares of SEA by 114.0% in the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after acquiring an additional 106 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of SEA by 9.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the Internet company based in Singapore’s stock worth $328,000 after acquiring an additional 160 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in SEA by 41.9% during the third quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock valued at $100,000 after purchasing an additional 165 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 1.9%

SE stock opened at $87.25 on Friday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The firm has a market cap of $53.31 billion, a PE ratio of 34.35, a P/E/G ratio of 0.91 and a beta of 1.57. The firm has a 50 day simple moving average of $85.41 and a 200 day simple moving average of $110.67. 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 issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm’s revenue was up 46.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. Equities research analysts forecast that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on SE shares. Morgan Stanley set a $121.00 target price on shares of SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Bank of America reissued a “buy” rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Barclays increased their target price on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, TD Cowen increased their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.41.

Insider Activity at SEA

In related news, COO Gang Ye sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $86.35, for a total value of $863,500.00. Following the completion of the sale, the chief operating officer owned 260,000 shares in the company, valued at approximately $22,451,000. This represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $86.34, for a total transaction of $69,072.00. Following the completion of the sale, the insider owned 12,400 shares of the company’s stock, valued at approximately $1,070,616. This trade represents a 6.06% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,614,452 shares of company stock worth $141,972,641. 0.22% of the stock is owned by corporate insiders.

About SEA

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.