Sea Limited Sponsored ADR $SE Stock Sold by OPTIMAS CAPITAL Ltd

OPTIMAS CAPITAL Ltd cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 65.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,176 shares of the Internet company based in Singapore’s stock after selling 23,024 shares during the period. SEA accounts for approximately 1.6% of OPTIMAS CAPITAL Ltd’s portfolio, making the stock its 17th biggest holding. OPTIMAS CAPITAL Ltd’s holdings in SEA were worth $1,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Carrhae Capital LLP acquired a new position in SEA during the 2nd quarter worth $140,501,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of SEA by 4.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock valued at $120,826,000 after purchasing an additional 52,660 shares during the period. Baird Financial Group Inc. raised its stake in shares of SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after purchasing an additional 50,965 shares in the last quarter. Carmignac Gestion raised its stake in shares of SEA by 2.2% during the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after purchasing an additional 14,242 shares in the last quarter. Finally, National Pension Service lifted its holdings in SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after purchasing an additional 54,819 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Trading Down 0.3%

NYSE SE traded down $0.20 on Friday, hitting $75.43. 8,819,217 shares of the stock were exchanged, compared to its average volume of 7,430,746. Sea Limited Sponsored ADR has a 52-week low of $71.53 and a 52-week high of $159.09. 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 $46.09 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 0.78 and a beta of 1.58. The company’s 50-day moving average price is $94.84 and its two-hundred day moving average price is $97.82.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SE. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. Morgan Stanley restated an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Benchmark upped their price target on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Barclays boosted their price objective on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.73.

Insiders Place Their Bets

In related news, CEO Xiaodong Li sold 1,057,650 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 288,450 shares of the company’s stock, valued at approximately $37,440,810. The trade was a 78.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Feng Zhao sold 40,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,005,586 shares of company stock worth $243,859,568. 0.22% of the stock is owned by corporate insiders.

SEA Profile

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.