Equitable Trust Co. Sells 4,415 Shares of Sea Limited Sponsored ADR $SE

Equitable Trust Co. reduced its position in Sea Limited Sponsored ADR (NYSE:SE) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,742 shares of the Internet company based in Singapore’s stock after selling 4,415 shares during the period. SEA accounts for about 1.1% of Equitable Trust Co.’s investment portfolio, making the stock its 17th biggest position. Equitable Trust Co.’s holdings in SEA were worth $24,976,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SE. Woodline Partners LP purchased a new stake in shares of SEA during the 1st quarter valued at about $4,028,000. Cullen Frost Bankers Inc. increased its stake in SEA by 49.2% during the second quarter. Cullen Frost Bankers Inc. now owns 394 shares of the Internet company based in Singapore’s stock worth $63,000 after acquiring an additional 130 shares during the last quarter. First Horizon Advisors Inc. raised 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 valued at $353,000 after purchasing an additional 203 shares during the period. Andra AP fonden lifted its stake in shares of SEA by 33.6% in the 2nd quarter. Andra AP fonden now owns 134,900 shares of the Internet company based in Singapore’s stock valued at $21,576,000 after purchasing an additional 33,900 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of SEA by 15.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,871 shares of the Internet company based in Singapore’s stock worth $1,099,000 after purchasing an additional 903 shares during the period. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SE. Wedbush lowered their price target on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, October 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Monday, December 29th. Morgan Stanley reissued an “overweight” rating and issued a $173.00 price objective on shares of SEA in a research note on Wednesday, February 11th. Finally, Phillip Securities raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average price target of $189.84.

SEA Trading Up 0.4%

Shares of SE opened at $115.00 on Monday. The firm has a market capitalization of $67.75 billion, a price-to-earnings ratio of 50.44 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 1-year low of $99.50 and a 1-year high of $199.30. The company has a 50-day moving average of $121.79 and a 200 day moving average of $150.16.

SEA declared that its board has initiated a share repurchase program on Monday, November 17th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the Internet company based in Singapore to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.