Corient Private Wealth LP Acquires 10,099 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Corient Private Wealth increased its SEA position by 61.4% in the second quarter, adding 10,099 shares to own 26,534 shares valued at approximately $2.54 million. Institutional investors collectively own 59.53% of the company.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $149.40, although ratings range from Strong Sell to Strong Buy.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but earnings per share of $0.70 missed the $0.86 consensus. Company insiders sold about 2.2 million shares worth $266.4 million over the past three months.

Corient Private Wealth LP increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 61.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,534 shares of the Internet company based in Singapore's stock after purchasing an additional 10,099 shares during the period. Corient Private Wealth LP's holdings in SEA were worth $2,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG lifted its stake in SEA by 1.8% in the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore's stock worth $595,000 after purchasing an additional 115 shares during the last quarter. SlateStone Wealth LLC grew its holdings in shares of SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore's stock worth $3,967,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore's stock worth $262,000 after buying an additional 170 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after buying an additional 174 shares during the period. Finally, Dorsey Wright & Associates raised its holdings in SEA by 2.3% during the 4th quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore's stock valued at $1,660,000 after buying an additional 298 shares during the last quarter. Institutional investors own 59.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Zacks Research cut shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Benchmark boosted their price target on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 price objective on SEA and gave the stock a "buy" rating in a report on Monday, September 7th. Finally, Barclays lifted their price objective on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $149.40.

Insider Buying and Selling

In related news, COO Gang Ye sold 30,000 shares of SEA stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the completion of the transaction, the chief operating officer directly owned 430,000 shares of the company's stock, valued at $55,620,500. This trade represents a 6.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jingye Chen sold 30,000 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total transaction of $3,266,100.00. Following the sale, the insider directly owned 270,000 shares in the company, valued at $29,394,900. The trade was a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,200,786 shares of company stock worth $266,369,694 in the last three months. 0.22% of the stock is owned by corporate insiders.

SEA Stock Performance

Shares of SE opened at $103.71 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $193.48. The company has a 50-day simple moving average of $111.51 and a two-hundred day simple moving average of $97.07. The firm has a market capitalization of $63.37 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue was up 48.3% compared to the same quarter last year. On average, analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

SEA Profile

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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