Carrhae Capital LLP Acquires Shares of 1,466,148 Sea Limited Sponsored ADR $SE

Carrhae Capital LLP acquired a new stake in Sea Limited Sponsored ADR (NYSE:SE) in the 2nd quarter, HoldingsChannel reports. The fund acquired 1,466,148 shares of the Internet company based in Singapore’s stock, valued at approximately $140,501,000. SEA makes up 3.8% of Carrhae Capital LLP’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds have also recently modified their holdings of the stock. Capstone Capital Management Ltd acquired a new stake in SEA during the first quarter worth about $1,612,000. Ramirez Asset Management Inc. acquired a new position in SEA in the fourth quarter valued at approximately $3,560,000. Equitable Trust Co. boosted its position in SEA by 30.9% in the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock worth $15,532,000 after purchasing an additional 44,252 shares in the last quarter. Charles Lim Capital Ltd boosted its position in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of SEA by 18.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock worth $16,066,000 after purchasing an additional 26,498 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Insider Transactions at SEA

In other SEA news, COO Gang Ye sold 30,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the transaction, the chief operating officer owned 430,000 shares of the company’s stock, valued at $55,620,500. This represents a 6.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Xiaodong Li sold 1,057,650 shares of SEA stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the completion of the transaction, the chief executive officer owned 288,450 shares in the company, valued at approximately $37,440,810. This trade represents a 78.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,997,166 shares of company stock worth $243,478,064. Company insiders own 0.22% of the company’s stock.

SEA Trading Up 1.2%

Shares of SE traded up $1.39 during midday trading on Tuesday, reaching $113.48. The company had a trading volume of 4,412,074 shares, compared to its average volume of 4,889,919. The stock has a market cap of $69.34 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. 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 firm has a 50 day simple moving average of $111.50 and a 200-day simple moving average of $97.11. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business’s revenue was up 48.3% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. Barclays upped their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 target price on SEA and gave the company a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. reduced their price target on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.40.

About SEA

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.