J.Safra Asset Management Corp Raises Holdings in Sea Limited Sponsored ADR $SE

J.Safra Asset Management Corp raised its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 124.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,733 shares of the Internet company based in Singapore’s stock after purchasing an additional 9,262 shares during the quarter. J.Safra Asset Management Corp’s holdings in SEA were worth $2,135,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Andra AP fonden lifted its holdings in shares of SEA by 7.0% in the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock worth $25,791,000 after acquiring an additional 9,400 shares during the last quarter. Fred Alger Management LLC increased its holdings in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in SEA by 24.4% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares during the period. Rathbones Group PLC lifted its stake in SEA by 78.6% during the fourth quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore’s stock worth $2,808,000 after purchasing an additional 9,688 shares in the last quarter. Finally, Ramirez Asset Management Inc. acquired a new position in SEA during the fourth quarter worth $3,560,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Insider Buying and Selling

In related news, COO Gang Ye sold 10,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.33, for a total transaction of $843,300.00. Following the completion of the transaction, the chief operating officer owned 140,000 shares in the company, valued at approximately $11,806,200. The trade was a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Yanjun Wang sold 800 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.39, for a total value of $67,512.00. Following the completion of the transaction, the insider directly owned 2,800 shares in the company, valued at $236,292. This trade represents a 22.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,692,452 shares of company stock worth $148,965,181. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

SE has been the subject of a number of research reports. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Barclays raised their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Bank of America reiterated a “buy” rating and set a $125.00 price target on shares of SEA in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Morgan Stanley set a $121.00 price objective on shares of SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SEA presently has an average rating of “Moderate Buy” and an average price target of $155.54.

SEA Price Performance

SE stock opened at $82.47 on Thursday. The business’s 50-day moving average is $87.29 and its two-hundred day moving average is $105.08. 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 capitalization of $50.39 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.57. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30.

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

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.