Charles Lim Capital Ltd Cuts Stake in Sea Limited Sponsored ADR $SE

Charles Lim Capital Ltd lessened its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 57.7% in the 3rd quarter, Holdings Channel reports. The firm owned 275,000 shares of the Internet company based in Singapore’s stock after selling 375,000 shares during the quarter. SEA accounts for 12.5% of Charles Lim Capital Ltd’s portfolio, making the stock its 5th biggest holding. Charles Lim Capital Ltd’s holdings in SEA were worth $49,151,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SE. Woodline Partners LP bought a new position in SEA during the first quarter valued at about $4,028,000. First Horizon Advisors Inc. increased its holdings in shares of SEA by 10.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,207 shares of the Internet company based in Singapore’s stock valued at $353,000 after acquiring an additional 203 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of SEA by 15.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 6,871 shares of the Internet company based in Singapore’s stock valued at $1,099,000 after acquiring an additional 903 shares during the last quarter. Freemont Capital Pte Ltd bought a new position in shares of SEA in the 2nd quarter valued at approximately $448,000. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of SEA by 16.2% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,522 shares of the Internet company based in Singapore’s stock valued at $883,000 after acquiring an additional 771 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SE shares. Wedbush decreased their target price on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Morgan Stanley reissued an “overweight” rating and issued a $173.00 price target on shares of SEA in a research report on Wednesday, February 11th. Sanford C. Bernstein reduced their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday. Barclays decreased their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Phillip Securities upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average target price of $178.66.

SEA Stock Down 3.6%

Shares of SE stock opened at $92.04 on Friday. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.42. The stock has a fifty day moving average price of $117.24 and a 200 day moving average price of $145.70. The stock has a market cap of $54.22 billion, a P/E ratio of 36.52 and a beta of 1.59.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.28). The business had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The company’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. Analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

SEA declared that its board has initiated a stock buyback program on Monday, November 17th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the Internet company based in Singapore to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

SEA Company Profile

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.