33,951 Shares in Sea Limited Sponsored ADR $SE Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,951 shares of the Internet company based in Singapore’s stock, valued at approximately $3,305,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Grove Bank & Trust lifted its position in shares of SEA by 53.9% in the 3rd quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore’s stock worth $60,000 after acquiring an additional 215 shares during the period. Cornerstone Planning Group LLC lifted its holdings 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 buying an additional 174 shares in the last quarter. Independence Bank of Kentucky increased its position 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 worth $123,000 after purchasing an additional 1,100 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of SEA in the 3rd quarter valued at about $206,000. Finally, HB Wealth Management LLC bought a new position in SEA during the 2nd quarter worth approximately $203,000. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Stock Down 0.3%

Shares of SE stock traded down $0.20 on Friday, reaching $75.43. 8,819,217 shares of the company were exchanged, compared to its average volume of 7,430,746. The company has a 50-day moving average of $94.84 and a 200-day moving average of $97.82. The company has a market cap of $46.09 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 0.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.09.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The company’s revenue was up 48.3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Analysts anticipate that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SE. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. New Street Research downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Monday, October 26th. Arete Research upgraded SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a research note on Monday, September 7th. Finally, Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, SEA has an average rating of “Moderate Buy” and an average target price of $137.73.

Insider Activity at SEA

In other news, insider Feng Zhao sold 40,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total value of $3,800,800.00. Following the completion of the transaction, the insider owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This represents a 29.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Xiaodong Li sold 1,057,650 shares of the company’s stock in a transaction dated 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 completion of the sale, 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. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,005,586 shares of company stock valued at $243,859,568 over the last quarter. Company insiders own 0.22% of the company’s stock.

About SEA

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.