Sea Limited Sponsored ADR $SE Shares Newly Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC purchased a new position in shares of Sea Limited Sponsored ADR (NYSE:SE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 141,251 shares of the Internet company based in Singapore’s stock, valued at approximately $13,752,000. SEA comprises approximately 5.6% of Matthews International Capital Management LLC’s portfolio, making the stock its 5th largest position.

A number of other hedge funds have also made changes to their positions in the stock. M&G PLC increased its holdings in shares of SEA by 2.7% during the 3rd quarter. M&G PLC now owns 291,229 shares of the Internet company based in Singapore’s stock valued at $28,249,000 after acquiring an additional 7,602 shares during the last quarter. Hohimer Wealth Management LLC raised its stake in shares of SEA by 5.8% in the 3rd quarter. Hohimer Wealth Management LLC now owns 6,997 shares of the Internet company based in Singapore’s stock valued at $681,000 after acquiring an additional 382 shares in the last quarter. Euro Pacific Asset Management LLC acquired a new stake in SEA in the 3rd quarter worth approximately $2,159,000. Candriam S.C.A. acquired a new stake in SEA in the 3rd quarter worth approximately $2,517,000. Finally, Ethic Inc. lifted its holdings in SEA by 602.0% in the 3rd quarter. Ethic Inc. now owns 31,085 shares of the Internet company based in Singapore’s stock worth $3,026,000 after purchasing an additional 26,657 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

NYSE SE opened at $76.83 on Wednesday. Sea Limited Sponsored ADR has a twelve month low of $71.53 and a twelve month high of $159.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $46.95 billion, a PE ratio of 29.66, a P/E/G ratio of 0.80 and a beta of 1.58. The stock has a 50-day simple moving average of $93.29 and a 200 day simple moving average of $97.38.

SEA (NYSE:SE) last released its earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.21). The business had revenue of $8.58 billion during the quarter, compared to analyst estimates of $8.08 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The business’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Research analysts anticipate that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Insiders Place Their Bets

In other news, insider Feng Zhao sold 40,000 shares of the company’s 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 transaction, the insider directly owned 93,580 shares in the company, valued at $8,891,971.60. The trade was a 29.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gang Ye sold 30,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.08, for a total value of $3,602,400.00. Following the completion of the sale, the chief operating officer directly owned 310,000 shares of the company’s stock, valued at $37,224,800. This represents a 8.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 874,536 shares of company stock valued at $97,313,140. Corporate insiders own 0.22% of the company’s stock.

SEA News Roundup

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Revenue rose 43.4% year over year to $8.58 billion, beating estimates, while net income increased 34% to $502.5 million. Shopee, Monee and Garena all recorded growth. Sea Limited Q3 results
• Positive Sentiment: The board approved an additional $1 billion share-repurchase authorization, offering a potential source of shareholder returns. Sea earnings and investment outlook
• Negative Sentiment: Adjusted EPS of $0.78 missed the cited analyst consensus of $1.04. The shortfall likely overshadowed revenue growth and raised questions about earnings delivery. Sea Q3 earnings
• Negative Sentiment: Monee’s revenue expanded, but its credit-loss provisions reportedly climbed 82.3% in the quarter, fueling concerns about lending risk and the durability of margins. Sea Q3 growth and credit-loss provisions
• Neutral Sentiment: Investors are also weighing whether Sea’s valuation is justified by its earnings power and ability to turn profits into dependable cash flow. Sea stock fair-value discussion

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group lowered their price target on SEA from $164.00 to $142.00 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.00.

SEA Company Profile

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.