Sea Limited Sponsored ADR $SE Shares Sold by Myriad Asset Management US LP

Myriad Asset Management US LP trimmed its stake in Sea Limited Sponsored ADR (NYSE:SE) by 70.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,943 shares of the Internet company based in Singapore’s stock after selling 11,687 shares during the quarter. SEA makes up about 1.1% of Myriad Asset Management US LP’s investment portfolio, making the stock its 22nd largest holding. Myriad Asset Management US LP’s holdings in SEA were worth $631,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC grew its position in shares of SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after acquiring an additional 143 shares during the last quarter. Sound Income Strategies LLC bought a new stake in SEA in the 3rd quarter valued at about $29,000. Rothschild Investment LLC boosted its stake in SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after purchasing an additional 106 shares during the period. Holos Integrated Wealth LLC bought a new position in SEA in the 4th quarter worth about $44,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in SEA in the 2nd quarter worth about $50,000. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SE shares. Morgan Stanley set a $121.00 price target on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Bank of America restated a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. Wedbush cut their target price on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Finally, Sanford C. Bernstein reduced their price target on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.83.

Insiders Place Their Bets

In other news, insider Jingye Chen sold 800 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $82.66, for a total value of $66,128.00. Following the sale, the insider owned 232,000 shares of the company’s stock, valued at approximately $19,177,120. The trade was a 0.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Gang Ye sold 10,000 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $84.28, for a total value of $842,800.00. Following the completion of the sale, the chief operating officer owned 410,000 shares of the company’s stock, valued at approximately $34,554,800. This trade represents a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 129,635 shares of company stock worth $10,881,564 over the last ninety days. Company insiders own 0.22% of the company’s stock.

SEA Stock Down 0.2%

SE stock opened at $82.16 on Friday. The firm’s 50-day moving average is $98.94 and its two-hundred day moving average is $131.11. The company has a market capitalization of $48.40 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04.

SEA (NYSE:SE) last posted its quarterly earnings data 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). SEA had a net margin of 6.93% and a return on equity of 15.20%. The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the business earned $0.39 earnings per share. The company’s revenue was up 38.4% on a year-over-year basis. On average, analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

SEA 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.