Myriad Asset Management Advisors LLC Takes Position in Sea Limited Sponsored ADR $SE

Myriad Asset Management Advisors LLC acquired a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE) in the fourth quarter, Holdings Channel.com reports. The firm acquired 32,773 shares of the Internet company based in Singapore’s stock, valued at approximately $4,181,000. SEA makes up about 1.3% of Myriad Asset Management Advisors LLC’s investment portfolio, making the stock its 19th largest position.

Other large investors have also made changes to their positions in the company. Andra AP fonden raised its position in shares of SEA by 7.0% during the third quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after buying an additional 9,400 shares during the last quarter. Fred Alger Management LLC increased its stake in SEA by 22.1% in the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after acquiring an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in SEA by 24.4% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after acquiring an additional 350,840 shares during the period. Rathbones Group PLC increased its stake in SEA by 78.6% in the fourth quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore’s stock valued at $2,808,000 after acquiring an additional 9,688 shares during the period. Finally, Ramirez Asset Management Inc. bought a new stake in SEA in the fourth quarter valued at about $3,560,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of analyst reports. Sanford C. Bernstein lowered their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Bank of America reaffirmed a “buy” rating and set a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.54.

Insider Buying and Selling at SEA

In other SEA news, COO Gang Ye sold 10,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.33, for a total value of $843,300.00. Following the sale, the chief operating officer directly owned 140,000 shares in the company, valued at approximately $11,806,200. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Yanjun Wang sold 800 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $84.39, for a total transaction of $67,512.00. Following the sale, the insider directly owned 2,800 shares of the company’s stock, valued at $236,292. This represents a 22.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,692,452 shares of company stock worth $148,965,181. Company insiders own 0.22% of the company’s stock.

SEA Trading Down 2.8%

Shares of NYSE SE opened at $82.47 on Thursday. The company’s 50 day simple moving average is $87.29 and its 200 day simple moving average is $105.08. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a market capitalization of $50.39 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.57. 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 announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). The business had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The company’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, analysts predict that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

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.