Sea Limited Sponsored ADR $SE Position Trimmed by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 28.5% during the third quarter, Holdings Channel reports. The firm owned 14,887 shares of the Internet company based in Singapore’s stock after selling 5,947 shares during the period. Montrusco Bolton Investments Inc.’s holdings in SEA were worth $1,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after buying an additional 88,431 shares during the last quarter. Carrhae Capital LLP purchased a new position in shares of SEA in the 2nd quarter valued at $140,501,000. Baird Financial Group Inc. raised its stake in SEA by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after acquiring an additional 50,965 shares in the last quarter. Carmignac Gestion raised its stake in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after acquiring an additional 14,242 shares in the last quarter. Finally, National Pension Service raised its stake in SEA by 10.0% during the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after acquiring an additional 54,819 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the subject of a number of research reports. TD Cowen reissued a “hold” rating on shares of SEA in a research report on Monday, August 17th. Barclays raised their price objective on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 target price on SEA and gave the stock a “buy” rating in a research report on Monday, September 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $153.00 target price on shares of SEA in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

SEA Stock Performance

Shares of SEA stock traded up $0.20 during trading on Tuesday, reaching $96.08. The company’s stock had a trading volume of 5,235,620 shares, compared to its average volume of 4,787,953. The company has a 50-day moving average price of $109.07 and a two-hundred day moving average price of $98.18. The firm has a market cap of $58.71 billion, a PE ratio of 37.10, a P/E/G ratio of 0.97 and a beta of 1.54. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $184.96. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last issued 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 the consensus estimate of $0.86 by ($0.16). The business had revenue of $7.79 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $0.65 earnings per share. On average, analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Insider Buying and Selling

In related news, CEO Xiaodong Li sold 1,057,650 shares of the stock in a transaction on Tuesday, August 11th. The stock was 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 directly owned 288,450 shares of the company’s stock, valued at $37,440,810. This trade represents a 78.57% decrease in their ownership of the stock. 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 stock in a transaction 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 sale, the chief operating officer directly owned 430,000 shares of the company’s stock, valued at approximately $55,620,500. This represents a 6.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,147,786 shares of company stock valued at $260,357,020. Company insiders own 0.22% of the company’s stock.

SEA Company 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.