SG Americas Securities LLC Boosts Holdings in Sea Limited Sponsored ADR $SE

SG Americas Securities LLC boosted its stake in Sea Limited Sponsored ADR (NYSE:SE) by 5.7% in the first quarter, Holdings Channel.com reports. The fund owned 1,642,304 shares of the Internet company based in Singapore’s stock after buying an additional 88,431 shares during the quarter. SG Americas Securities LLC’s holdings in SEA were worth $135,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC grew its holdings in shares of SEA by 1.9% during the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after purchasing an additional 98 shares during the last quarter. Cloud Capital Management LLC increased its position in shares of SEA by 8.0% during the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after purchasing an additional 148 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in shares of SEA by 0.5% in the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of SEA by 9.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the Internet company based in Singapore’s stock valued at $328,000 after purchasing an additional 160 shares during the last quarter. Finally, Stonekeep Investments LLC boosted its position in shares of SEA by 5.6% in the 4th quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock valued at $403,000 after purchasing an additional 167 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

NYSE SE opened at $91.42 on Monday. The firm has a market cap of $55.86 billion, a P/E ratio of 35.99, a P/E/G ratio of 0.95 and a beta of 1.57. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The business’s 50-day moving average price is $88.04 and its 200 day moving average price is $102.74. 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 posted its quarterly earnings data 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 net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 46.6% on a year-over-year basis. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SE. Sanford C. Bernstein dropped their price target on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Barclays boosted their price objective on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Bank of America restated a “buy” rating and set a $125.00 target price on shares of SEA in a research report on Monday, March 9th. Finally, Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.54.

Insider Activity

In other news, Director David Y. Ma sold 176,719 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $87.56, for a total transaction of $15,473,515.64. Following the completion of the sale, the director owned 895,364 shares in the company, valued at $78,398,071.84. This represents a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,626,817 shares of company stock valued at $143,512,624 over the last quarter. Insiders own 0.22% of the company’s stock.

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.