Sea Limited Sponsored ADR $SE Shares Sold by Myriad Asset Management US LP

Myriad Asset Management US LP cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,630 shares of the Internet company based in Singapore’s stock after selling 9,425 shares during the quarter. SEA accounts for approximately 1.6% of Myriad Asset Management US LP’s holdings, making the stock its 14th biggest position. Myriad Asset Management US LP’s holdings in SEA were worth $2,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SE. ORG Partners LLC lifted its holdings in SEA by 552.0% in the second quarter. ORG Partners LLC now owns 163 shares of the Internet company based in Singapore’s stock valued at $25,000 after acquiring an additional 138 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after purchasing an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of SEA in the third quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in SEA during the second quarter worth about $50,000. Finally, Cullen Frost Bankers Inc. grew its position in SEA by 49.2% during the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock worth $63,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SE. Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Bank of America upgraded SEA from a “neutral” rating to a “buy” rating and raised their price target for the company from $206.00 to $215.00 in a research report on Thursday, October 16th. Wedbush decreased their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.61.

SEA Price Performance

Shares of SE stock opened at $122.96 on Friday. Sea Limited Sponsored ADR has a twelve month low of $99.50 and a twelve month high of $199.30. The company has a market capitalization of $72.44 billion, a PE ratio of 53.93 and a beta of 1.57. The company has a current ratio of 1.44, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $130.46 and a 200-day simple moving average of $156.35.

SEA (NYSE:SE) last posted its quarterly earnings results on Wednesday, November 12th. The Internet company based in Singapore reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.52). SEA had a net margin of 6.80% and a return on equity of 15.19%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s revenue was up 38.3% on a year-over-year basis. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

SEA announced that its Board of Directors has authorized a stock buyback plan on Monday, November 17th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.