Sea Limited Sponsored ADR $SE Shares Purchased by C WorldWide Group Holding A S

C WorldWide Group Holding A S raised its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,560 shares of the Internet company based in Singapore’s stock after acquiring an additional 4,953 shares during the period. C WorldWide Group Holding A S’s holdings in SEA were worth $19,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT raised its holdings in shares of SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC increased its position in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares in the last quarter. Independence Bank of Kentucky raised its holdings in SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after buying an additional 1,100 shares during the period. Cullen Frost Bankers Inc. lifted its position in SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in SEA during the fourth quarter worth approximately $175,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Up 1.2%

NYSE SE opened at $113.48 on Wednesday. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. 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 company has a market capitalization of $69.34 billion, a price-to-earnings ratio of 43.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. The company’s fifty day moving average price is $111.85 and its two-hundred day moving average price is $97.11.

SEA (NYSE:SE) last announced 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). The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.SEA’s revenue was up 48.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Benchmark upped their price target on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Barclays lifted their target price on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.40.

Insider Activity

In other SEA news, CEO Xiaodong Li sold 1,057,650 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the sale, the chief executive officer owned 288,450 shares in the company, valued at $37,440,810. This represents a 78.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Gang Ye sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total value of $3,880,500.00. Following the transaction, the chief operating officer directly owned 430,000 shares in the company, valued at approximately $55,620,500. This represents a 6.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,009,366 shares of company stock worth $245,180,736 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.

SEA Profile

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.