Venturi Wealth Management LLC Purchases 5,757 Shares of Sea Limited Sponsored ADR $SE

Venturi Wealth Management LLC boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 110.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,965 shares of the Internet company based in Singapore’s stock after acquiring an additional 5,757 shares during the period. Venturi Wealth Management LLC’s holdings in SEA were worth $908,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Woodline Partners LP bought a new position in shares of SEA in the first quarter worth about $4,028,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in SEA by 248.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after purchasing an additional 27,953 shares during the period. Captrust Financial Advisors grew its holdings in SEA by 4.2% in the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after buying an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in SEA by 5.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after buying an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc increased its position in SEA by 21.1% in the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock worth $1,946,000 after buying an additional 2,121 shares during the period. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SE has been the subject of a number of research analyst reports. Sanford C. Bernstein cut their price target on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. Bank of America restated a “buy” rating and issued a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. TD Cowen upped their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

Insider Buying and Selling

In other SEA news, Director David Y. Ma sold 176,719 shares of SEA stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $87.56, for a total transaction of $15,473,515.64. Following the sale, the director owned 895,364 shares in the company, valued at $78,398,071.84. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,645,217 shares of company stock valued at $145,308,260 over the last three months. 0.22% of the stock is owned by company insiders.

SEA Trading Up 2.6%

SEA stock opened at $91.36 on Friday. The business has a 50 day moving average price of $88.44 and a two-hundred day moving average price of $101.41. 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 Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The stock has a market cap of $55.82 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.08). The firm 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%.SEA’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. As a group, equities analysts forecast that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

SEA Company 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.