Ninety One North America Inc. Purchases 99,981 Shares of Sea Limited Sponsored ADR $SE

Ninety One North America Inc. purchased a new stake in Sea Limited Sponsored ADR (NYSE:SE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 99,981 shares of the Internet company based in Singapore’s stock, valued at approximately $9,734,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roberts Wealth Advisors LLC raised its holdings in SEA by 1.7% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 64,976 shares of the Internet company based in Singapore’s stock worth $6,326,000 after purchasing an additional 1,089 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of SEA in the 3rd quarter valued at about $206,000. Euro Pacific Asset Management LLC bought a new position in shares of SEA in the 3rd quarter valued at about $2,159,000. Sax Wealth Advisors LLC bought a new position in shares of SEA in the 3rd quarter valued at about $1,163,000. Finally, Grove Bank & Trust grew its position in shares of SEA by 53.9% during the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after buying an additional 215 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of analyst reports. Benchmark lifted their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 target price on shares of SEA and gave the company a “buy” rating in a research report on Monday, September 7th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Barclays raised their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.40.

Insider Buying and Selling

In other SEA news, insider Yanjun Wang sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $95.49, for a total transaction of $95,490.00. Following the sale, the insider directly owned 79,780 shares in the company, valued at approximately $7,618,192.20. This trade represents a 1.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Feng Zhao sold 40,000 shares of SEA stock in a transaction that occurred on Thursday, October 1st. The shares were 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 approximately $8,891,971.60. The trade was a 29.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,148,786 shares of company stock valued at $260,452,510. 0.22% of the stock is owned by company insiders.

SEA Trading Up 1.7%

Shares of SEA stock traded up $1.60 during trading hours on Thursday, hitting $96.92. The company’s stock had a trading volume of 1,314,889 shares, compared to its average volume of 4,765,486. The company has a market capitalization of $59.22 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 0.98 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 has a 50 day moving average of $108.37 and a 200 day moving average of $98.38. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $175.80.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business 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 firm earned $0.65 EPS. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. Analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

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.