Sea Limited Sponsored ADR $SE Stock: Sustainable Growth Advisers LP Lowers Position

Key Points

• Sustainable Growth Advisers LP cut its SEA position by 25.2% in the third quarter, selling 100,651 shares and retaining 299,516 shares valued at approximately $29.2 million. Institutional investors collectively own 59.53% of the company.
• Analysts remain broadly positive, with an average rating of “Moderate Buy” and an average price target of $149.40. Recent target increases included Barclays at $156, while RBC upgraded the stock to “buy.”
• SEA reported strong revenue growth of 48.3% year over year to $7.79 billion, though quarterly EPS of $0.70 missed expectations of $0.86. Several insiders also sold shares during the latest quarter, including a 40,000-share sale by Feng Zhao.

Sustainable Growth Advisers LP lessened its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 25.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 299,516 shares of the Internet company based in Singapore's stock after selling 100,651 shares during the period. Sustainable Growth Advisers LP's holdings in SEA were worth $29,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SE. Grove Bank & Trust raised its stake in shares of SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore's stock worth $60,000 after buying an additional 215 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock valued at $70,000 after buying an additional 174 shares in the last quarter. Independence Bank of Kentucky lifted its position in shares of SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock valued at $123,000 after buying an additional 1,100 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of SEA during the 4th quarter valued at approximately $175,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of SEA during the 3rd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

SE has been the subject of several analyst reports. TD Cowen reissued a "hold" rating on shares of SEA in a report on Monday, August 17th. Barclays raised their target price on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Arete Research set a $152.00 price target on shares of SEA and gave the company a "buy" rating in a report on Monday, September 7th. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $149.40.

SEA Trading Up 2.4%

Shares of SE stock opened at $97.57 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a fifty day simple moving average of $108.11 and a two-hundred day simple moving average of $98.52. The firm has a market capitalization of $59.62 billion, a PE ratio of 37.67, a PEG ratio of 0.97 and a beta of 1.54. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $175.80.

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

Insider Activity

In related news, insider Feng Zhao sold 40,000 shares of SEA stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the sale, the insider owned 93,580 shares of the company's stock, valued at approximately $8,891,971.60. This trade represents a 29.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yanjun Wang sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $95.49, for a total value of $95,490.00. Following the completion of the transaction, the insider directly owned 79,780 shares in the company, valued at approximately $7,618,192.20. This represents a 1.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,148,786 shares of company stock valued at $260,452,510 in the last quarter. 0.22% of the stock is currently owned by company insiders.

About SEA

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea's principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.

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