Sea Limited Sponsored ADR $SE Shares Purchased by CenterBook Partners LP

CenterBook Partners LP grew its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 404.1% during the third quarter, Holdings Channel reports. The firm owned 71,949 shares of the Internet company based in Singapore’s stock after acquiring an additional 57,677 shares during the quarter. CenterBook Partners LP’s holdings in SEA were worth $7,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Provenance Wealth Advisors LLC grew its stake in SEA by 1,511.1% during the third quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore’s stock worth $28,000 after purchasing an additional 272 shares during the period. Grove Bank & Trust lifted its stake in SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock valued at $60,000 after buying an additional 215 shares during the period. Cornerstone Planning Group LLC lifted its stake in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after buying an additional 174 shares during the period. Independence Bank of Kentucky boosted its holdings in shares of SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after buying an additional 1,100 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of SEA during the 2nd quarter worth approximately $203,000. Institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SE shares. JPMorgan Chase & Co. lowered their price objective on shares of SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Benchmark raised their price target on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. New Street Research cut shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Monday, October 26th. TD Cowen reaffirmed a “hold” rating and issued a $115.00 price target (up from $100.00) on shares of SEA in a research note on Monday, August 17th. Finally, Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.73.

SEA Stock Down 0.3%

SE traded down $0.20 during trading on Friday, hitting $75.43. 8,819,217 shares of the company’s stock were exchanged, compared to its average volume of 7,430,746. 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 business’s 50 day moving average is $94.84 and its two-hundred day moving average is $97.82. Sea Limited Sponsored ADR has a fifty-two week low of $71.53 and a fifty-two week high of $159.09. The stock has a market cap of $46.09 billion, a P/E ratio of 29.12, a PEG ratio of 0.78 and a beta of 1.58.

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 analysts’ consensus estimates of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. During the same period last year, the business posted $0.65 earnings per share. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Yanjun Wang sold 800 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $80.82, for a total value of $64,656.00. Following the transaction, the insider owned 67,180 shares of the company’s stock, valued at approximately $5,429,487.60. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Feng Zhao sold 30,000 shares of SEA stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total value of $2,406,600.00. Following the transaction, the insider owned 63,580 shares of the company’s stock, valued at $5,100,387.60. This trade represents a 32.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,005,586 shares of company stock worth $243,859,568 in the last quarter. Insiders own 0.22% of the company’s stock.

SEA 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.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.