Sea Limited Sponsored ADR $SE Stock Holdings Reduced by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. reduced its position in Sea Limited Sponsored ADR (NYSE:SE) by 28.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,887 shares of the Internet company based in Singapore’s stock after selling 5,947 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in SEA were worth $1,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Carrhae Capital LLP acquired a new stake in shares of SEA during the second quarter worth about $140,501,000. Public Employees Retirement System of Ohio purchased a new position in shares of SEA in the second quarter valued at approximately $37,527,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of SEA in the second quarter valued at approximately $12,410,000. Nykredit A S acquired a new position in shares of SEA in the second quarter valued at approximately $9,542,000. Finally, SG Americas Securities LLC grew its holdings in shares of SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after purchasing an additional 88,431 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other SEA news, insider Feng Zhao sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $95.02, for a total value of $3,800,800.00. Following the sale, the insider directly owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This represents a 29.94% decrease in their position. The sale was disclosed in a document filed 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 on Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total transaction of $3,266,100.00. Following the completion of the sale, the insider 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. 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 worth $260,357,020. Insiders own 0.22% of the company’s stock.

SEA Stock Up 0.2%

Shares of SEA stock traded up $0.20 on Tuesday, reaching $96.08. 5,235,620 shares of the company were exchanged, compared to its average volume of 4,787,953. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $184.96. The company has a market cap of $58.71 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The stock’s 50 day moving average price is $109.07 and its 200-day moving average price is $98.18.

SEA (NYSE:SE) last released its earnings results 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). The firm 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 firm’s quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. As a group, equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Analysts Set New Price Targets

SE has been the topic of several recent research reports. Barclays upped their target price on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Benchmark boosted their price target on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. 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. Finally, TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell 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 $149.40.

SEA 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.