BI Asset Management Fondsmaeglerselskab A S Sells 14,037 Shares of Sea Limited Sponsored ADR $SE

BI Asset Management Fondsmaeglerselskab A S cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 54.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,706 shares of the Internet company based in Singapore’s stock after selling 14,037 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in SEA were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SE. Andra AP fonden lifted its stake in SEA by 7.0% in the third quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after buying an additional 9,400 shares during the period. Fred Alger Management LLC grew its position in shares of SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares during the period. Ramirez Asset Management Inc. bought a new stake in shares of SEA in the 4th quarter valued at about $3,560,000. Finally, Charles Lim Capital Ltd increased its stake in shares of 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 valued at $95,678,000 after acquiring an additional 475,000 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

Insider Activity

In other news, CFO Tianyu Hou sold 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $90.77, for a total value of $907,700.00. Following the sale, the chief financial officer owned 20,000 shares of the company’s stock, valued at $1,815,400. The trade was a 33.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Gang Ye sold 10,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $89.70, for a total transaction of $897,000.00. Following the transaction, the chief operating officer owned 620,000 shares of the company’s stock, valued at $55,614,000. The trade was a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,635,217 shares of company stock worth $144,380,260 over the last ninety days. Insiders own 0.22% of the company’s stock.

SEA Stock Performance

Shares of SEA stock opened at $92.69 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The firm has a market cap of $56.64 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 0.96 and a beta of 1.57. The stock’s 50-day moving average is $88.35 and its 200-day moving average is $101.79. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 46.6% compared to the same quarter last year. Equities analysts predict that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SE shares. Bank of America reissued a “buy” rating and set a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. TD Cowen upped their price objective on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein dropped their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Barclays lifted their target price on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $155.54.

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.