Rathbones Group PLC Has $2.55 Million Position in Sea Limited Sponsored ADR $SE

Rathbones Group PLC raised its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 39.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,750 shares of the Internet company based in Singapore’s stock after buying an additional 8,735 shares during the period. Rathbones Group PLC’s holdings in SEA were worth $2,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT raised its holdings in SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after acquiring an additional 259 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of 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 during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after purchasing an additional 573 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of SEA during the 4th quarter worth approximately $175,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of SEA by 43.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after purchasing an additional 751 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SE shares. TD Cowen cut their price objective on SEA from $108.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Barclays increased their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.81.

SEA Price Performance

NYSE:SE opened at $111.53 on Wednesday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The firm has a market capitalization of $68.15 billion, a price-to-earnings ratio of 43.91, a P/E/G ratio of 1.07 and a beta of 1.54. The stock’s 50 day moving average price is $98.01 and its two-hundred day moving average price is $96.87. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue was up 46.6% compared to the same quarter last year. On average, analysts anticipate that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Insider Buying and Selling

In other SEA news, COO Gang Ye sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $100.89, for a total value of $2,017,800.00. Following the transaction, the chief operating officer directly owned 540,000 shares in the company, valued at $54,480,600. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 478,300 shares of company stock worth $46,561,186 over the last three months. Insiders own 0.22% of the company’s stock.

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.