Sea Limited Sponsored ADR $SE Stock Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in Sea Limited Sponsored ADR (NYSE:SE) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,241,023 shares of the Internet company based in Singapore’s stock after buying an additional 52,660 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of SEA worth $120,826,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Carrhae Capital LLP bought a new stake in shares of SEA during the second quarter valued at approximately $140,501,000. Public Employees Retirement System of Ohio bought a new position in SEA in the 2nd quarter valued at approximately $37,527,000. Assenagon Asset Management S.A. lifted its position in SEA by 80.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock valued at $54,881,000 after acquiring an additional 251,517 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in SEA in the 2nd quarter valued at approximately $12,410,000. Finally, Ninety One North America Inc. purchased a new stake in SEA during the 3rd quarter valued at $9,734,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Insider Transactions at SEA

In related news, COO Gang Ye sold 30,000 shares of SEA 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 completion of the sale, the chief operating officer owned 430,000 shares of the company’s stock, valued at $55,620,500. The trade was a 6.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jingye Chen sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the transaction, the insider directly owned 270,000 shares in the company, valued at $29,394,900. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,016,986 shares of company stock valued at $246,202,085 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on SE. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. Arete Research raised SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research report on Monday, September 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.91.

SEA Stock Up 1.7%

SE opened at $75.50 on Tuesday. 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 firm has a 50 day moving average price of $98.22 and a 200-day moving average price of $98.75. Sea Limited Sponsored ADR has a twelve month low of $71.53 and a twelve month high of $159.80. The stock has a market capitalization of $46.14 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 0.78 and a beta of 1.54.

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 for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. Equities research analysts forecast that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.