Andra AP fonden Purchases 9,400 Shares of Sea Limited Sponsored ADR $SE

Andra AP fonden boosted its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,300 shares of the Internet company based in Singapore’s stock after acquiring an additional 9,400 shares during the quarter. Andra AP fonden’s holdings in SEA were worth $25,791,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SE. Woodline Partners LP bought a new stake in shares of SEA in the 1st quarter valued at about $4,028,000. First Horizon Advisors Inc. increased its position in SEA by 10.1% during the second quarter. First Horizon Advisors Inc. now owns 2,207 shares of the Internet company based in Singapore’s stock worth $353,000 after buying an additional 203 shares during the last quarter. SBI Securities Co. Ltd. increased its position in SEA by 15.1% during the second quarter. SBI Securities Co. Ltd. now owns 6,871 shares of the Internet company based in Singapore’s stock worth $1,099,000 after buying an additional 903 shares during the last quarter. Freemont Capital Pte Ltd acquired a new stake in shares of SEA in the second quarter valued at approximately $448,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of SEA by 16.2% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,522 shares of the Internet company based in Singapore’s stock worth $883,000 after acquiring an additional 771 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Price Performance

Shares of NYSE SE opened at $110.95 on Friday. The business has a fifty day moving average price of $120.76 and a two-hundred day moving average price of $149.03. The stock has a market capitalization of $65.36 billion, a PE ratio of 48.66 and a beta of 1.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.42. Sea Limited Sponsored ADR has a fifty-two week low of $99.50 and a fifty-two week high of $199.30.

SEA declared that its Board of Directors has initiated a share repurchase program on Monday, November 17th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SE shares. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. Morgan Stanley reiterated an “overweight” rating and issued a $173.00 price objective on shares of SEA in a report on Wednesday, February 11th. Wedbush dropped their price objective on shares of SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. TD Cowen reduced their target price on shares of SEA from $165.00 to $144.00 and set a “hold” rating for the company in a report on Monday, November 10th. Finally, Phillip Securities upgraded shares of SEA from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $189.84.

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.