Venturi Wealth Management LLC Has $908,000 Holdings in Sea Limited Sponsored ADR $SE

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

A number of other hedge funds have also made changes to their positions in SE. Cloud Capital Management LLC boosted its holdings 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 during the period. SlateStone Wealth LLC increased its stake in 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 buying an additional 150 shares during the period. EverSource Wealth Advisors LLC lifted its position in 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 worth $328,000 after buying an additional 160 shares in the last quarter. Stonekeep Investments LLC grew its holdings in shares of SEA by 5.6% during 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 acquiring an additional 167 shares in the last quarter. Finally, Burns Matteson Capital Management LLC increased its stake in shares of SEA by 9.1% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,081 shares of the Internet company based in Singapore’s stock worth $265,000 after acquiring an additional 173 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SEA

In related news, Director David Y. Ma sold 176,719 shares of the business’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 value of $15,473,515.64. Following the completion of the sale, the director directly owned 895,364 shares in the company, valued at approximately $78,398,071.84. The trade was a 16.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 1,645,217 shares of company stock worth $145,308,260. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SE. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Sanford C. Bernstein dropped their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Barclays raised their price target on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. reduced their price target on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, Bank of America restated a “buy” rating and issued a $125.00 price objective on shares of SEA in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $155.54.

SEA Stock Up 2.6%

SE stock opened at $91.36 on Friday. The firm has a market cap of $55.82 billion, a PE ratio of 35.97, a PEG ratio of 0.95 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. The company has a fifty day simple moving average of $88.44 and a 200 day simple moving average of $101.41. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last posted its earnings results 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 return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 46.6% compared to the same quarter last year. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 3.33 EPS for the current fiscal 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.