Sea Limited Sponsored ADR $SE Shares Sold by Charles Lim Capital Ltd

Key Points

• Charles Lim Capital Ltd cut its stake in Sea Limited (NYSE:SE) by 57.7% in Q3, selling 375,000 shares and leaving it with 275,000 shares worth $49,151,000, making SEA 12.5% of the firm's portfolio and its fifth-largest holding.
• SEA reported quarterly EPS of $0.63 (miss vs. $0.91 est.) while beating on revenue at $6.85 billion (up 38.4% year-over-year); the company has a market cap of $54.22 billion and a 52-week range of $77.05–$199.30.
• Institutional ownership stands at 59.53%, and analysts have a consensus of “Moderate Buy” with an average target price of $178.66 amid mixed recent price-target revisions.

Charles Lim Capital Ltd cut its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 57.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,000 shares of the Internet company based in Singapore's stock after selling 375,000 shares during the quarter. SEA accounts for 12.5% of Charles Lim Capital Ltd's portfolio, making the stock its 5th largest holding. Charles Lim Capital Ltd's holdings in SEA were worth $49,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lingohr Asset Management GmbH boosted its position in shares of SEA by 219.4% in the 3rd quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore's stock valued at $2,270,000 after purchasing an additional 8,724 shares during the period. Andra AP fonden raised its holdings in SEA by 7.0% during the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore's stock worth $25,791,000 after buying an additional 9,400 shares during the period. Baird Financial Group Inc. raised its holdings in SEA by 14.4% during the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore's stock worth $88,924,000 after buying an additional 70,070 shares during the period. Handelsbanken Fonder AB lifted its stake in SEA by 1.3% during the second quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore's stock valued at $27,024,000 after buying an additional 2,106 shares in the last quarter. Finally, BNP Paribas lifted its stake in SEA by 34.9% during the second quarter. BNP Paribas now owns 28,907 shares of the Internet company based in Singapore's stock valued at $4,624,000 after buying an additional 7,480 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

Shares of SE stock opened at $92.04 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.42. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The stock's 50-day moving average is $117.24 and its two-hundred day moving average is $145.70. The firm has a market cap of $54.22 billion, a P/E ratio of 36.52 and a beta of 1.59.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm's quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current fiscal year.

SEA announced that its board has initiated a share buyback plan on Monday, November 17th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the Internet company based in Singapore to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SE shares. Morgan Stanley reissued an "overweight" rating and issued a $173.00 target price on shares of SEA in a research report on Wednesday, February 11th. Barclays reduced their price target on shares of SEA from $226.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday. TD Cowen lowered their price objective on shares of SEA from $165.00 to $144.00 and set a "hold" rating on the stock in a research report on Monday, November 10th. Sanford C. Bernstein cut their target price on shares of SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Phillip Securities upgraded SEA from a "hold" rating to a "strong-buy" rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $178.66.

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.

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