Strs Ohio Reduces Stock Position in Sea Limited Sponsored ADR $SE

Key Points

• Strs Ohio cut its Sea Limited stake by 36.8% in Q4, selling 22,293 shares and finishing the quarter with 38,328 shares worth about $4.89 million.
• Insiders have been net sellers: Director David Y. Ma sold 176,719 shares for roughly $15.47 million (a 16.48% reduction), and insiders disposed of 1,522,452 shares (~$133.9 million) over the past 90 days.
• Sea beat revenue expectations with Q4 sales of $6.85 billion (up 38.4% YoY) but missed EPS ($0.63 vs. $0.91); analysts hold a consensus "Moderate Buy" with an average price target of $161.66.

Strs Ohio decreased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 36.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,328 shares of the Internet company based in Singapore's stock after selling 22,293 shares during the quarter. Strs Ohio's holdings in SEA were worth $4,890,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SE. Cornerstone Planning Group LLC grew its stake in shares of SEA by 461.5% in the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore's stock worth $83,000 after purchasing an additional 540 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in SEA in the 4th quarter worth approximately $26,282,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore's stock worth $228,549,000 after buying an additional 350,840 shares during the period. Farther Finance Advisors LLC grew its position in shares of SEA by 68.8% in the 4th quarter. Farther Finance Advisors LLC now owns 8,186 shares of the Internet company based in Singapore's stock worth $1,044,000 after buying an additional 3,337 shares during the last quarter. Finally, Stanley Laman Group Ltd. purchased a new position in shares of SEA during the fourth quarter valued at approximately $638,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SEA news, Director David Y. Ma sold 176,719 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 895,364 shares of the company's stock, valued at approximately $78,398,071.84. This trade represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,522,452 shares of company stock valued at $133,895,561 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America restated a "buy" rating and set a $125.00 target price on shares of SEA in a report on Monday, March 9th. Sanford C. Bernstein cut their price target on shares of SEA from $170.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, March 4th. JPMorgan Chase & Co. decreased their price objective on shares of SEA from $170.00 to $168.00 and set an "overweight" rating for the company in a report on Monday, April 20th. Morgan Stanley set a $121.00 target price on shares of SEA and gave the stock an "overweight" rating in a research report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SEA in a research note on Friday, March 27th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.66.

SEA Trading Down 1.1%

NYSE:SE opened at $84.44 on Wednesday. The company has a market cap of $51.59 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.57. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $87.88 and a two-hundred day simple moving average of $116.77. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the company earned $0.39 earnings per share. SEA's quarterly revenue was up 38.4% compared to the same quarter last year. Research analysts forecast that Sea Limited Sponsored ADR will post 3.32 earnings per share for the current year.

About SEA

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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