DRW Securities LLC Sells 2,457 Shares of Sea Limited Sponsored ADR $SE

Key Points

• DRW Securities LLC reduced its stake in Sea Limited by 40.1%, selling 2,457 shares, resulting in ownership of 3,676 shares valued at approximately $480,000.
• A significant increase in holdings was observed from OVERSEA CHINESE BANKING Corp, which lifted its stake in Sea by 2,082.7% to nearly 28.8 million shares, valued at around $3.75 billion.
• Sea Limited reported a loss per share of $0.65 in its last quarterly earnings, missing the analysts' estimates, despite a 38.2% year-over-year revenue increase to $5.26 billion.

DRW Securities LLC lowered its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 40.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,676 shares of the Internet company based in Singapore's stock after selling 2,457 shares during the period. DRW Securities LLC's holdings in SEA were worth $480,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SE. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 2,082.7% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 28,766,718 shares of the Internet company based in Singapore's stock valued at $3,753,769,000 after purchasing an additional 27,448,779 shares in the last quarter. Jennison Associates LLC bought a new position in shares of SEA in the first quarter valued at approximately $336,521,000. Nuveen LLC bought a new position in shares of SEA in the first quarter valued at approximately $162,796,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of SEA by 713.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 790,538 shares of the Internet company based in Singapore's stock valued at $103,157,000 after purchasing an additional 693,336 shares in the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of SEA by 171.3% in the first quarter. AGF Management Ltd. now owns 982,853 shares of the Internet company based in Singapore's stock valued at $128,252,000 after purchasing an additional 620,587 shares in the last quarter. Institutional investors own 59.53% of the company's stock.

SEA Stock Performance

Shares of SE opened at $185.64 on Monday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $109.36 billion, a price-to-earnings ratio of 96.19 and a beta of 1.53. The stock has a 50 day moving average of $162.13 and a 200 day moving average of $146.68. Sea Limited Sponsored ADR has a 12 month low of $75.67 and a 12 month high of $190.75.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.38). SEA had a net margin of 6.23% and a return on equity of 13.66%. The business had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. During the same period in the previous year, the business posted $0.14 earnings per share. The business's revenue was up 38.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Loop Capital restated a "buy" rating and issued a $190.00 target price (up previously from $165.00) on shares of SEA in a report on Thursday, May 29th. Bank of America lowered SEA from a "buy" rating to a "neutral" rating and set a $160.00 target price on the stock. in a report on Friday, May 9th. Benchmark raised their target price on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised SEA from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $170.00 price target on shares of SEA in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, SEA has a consensus rating of "Moderate Buy" and an average price target of $173.49.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.

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