Baillie Gifford & Co. recently announced the acquisition of new stake in Sea Ltd ADR (NYSE:SE). The institutional investor has increased its shareholding in the Consumer Cyclical company by 19.92% to 26.14 million shares with purchase of 4.34 million shares. This fresh investment now brings its stake to 5.01% valued currently at $946.7 million. In addition, Fidelity Management & Research Co raised its holdings by 5.25 million to 19.3 million shares. And Sands Capital Management LLC has lifted its position by 3.49% or 0.54 million shares – to 16.12 million shares.
With over 19.25 million Sea Ltd ADR (SE) shares trading Friday and a closing price of $35.74 on the day, the dollar volume was approximately $688.16 million. The shares have shown a negative half year performance of -42.43% and its price on 12/15/23 lost nearly -5.07%. Currently, there are 519.23M common shares owned by the public and among those 510.90M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 33 analysts who have offered their price forecasts for SE have a consensus price objective of $57.60. The analysts have set the share’s price value over the next 12 months at a high of $145.00 and a low of $32.00. The average price target is 37.95% above its recent price level and a downside to the estimated low will see the stock lose -11.69% over that period. But an upside of 75.35% will see the stock hit the forecast high price target while median target price for the stock is $56.00.
The top 3 mutual fund holders in Sea Ltd ADR are American Funds EuroPacific Growth, Government Pension Fund – Global, and Fidelity Inv. Trust – Emerging Ma. American Funds EuroPacific Growth owns 7.48 million shares of the company’s stock, all valued at over $271.09 million. The company sold -18.7 million shares recently to bring their total holdings to about 1.44% of the shares outstanding. Government Pension Fund – Global bought 4.05 million shares to see its total holdings expand to 6.24 million shares valued at over $225.86 million and representing 1.20% of the shares outstanding. Fidelity Inv. Trust – Emerging Ma sold 77645.0 shares to bring its total holdings to over 5.01 million shares at a value of $181.57 million. Fidelity Inv. Trust – Emerging Ma now owns shares totaling to 0.96% of the shares outstanding.
Shares of Sea Ltd ADR (NYSE: SE) opened at $38.00, up $0.35 from a prior closing price of $37.65. However, the script later moved the day high at 38.00, down -5.07%. The company’s stock has a 5-day price change of -10.65% and -6.64% over the past three months. SE shares are trading -31.31% year to date (YTD), with the 12-month market performance down to -45.00% lower. It has a 12-month low price of $34.87 and touched a high of $88.84 over the same period. SE has an average intraday trading volume of 8.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.84%, -13.27%, and -37.32% respectively.
Institutional ownership of Sea Ltd ADR (NYSE: SE) shares accounts for 55.14% of the company’s 519.23M shares outstanding. Mutual fund holders own 22.64%, while other institutional holders and individual stakeholders account for 33.03% and — respectively.
It has a market capitalization of $18.56B and a beta (3y monthly) value of 1.54. The stock’s trailing 12-month PE ratio is 31.89, while the earnings-per-share (ttm) stands at $1.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.41% over the week and 4.73% over the month.
Analysts forecast that Sea Ltd ADR (SE) will achieve an EPS of -$0.4 for the current quarter, -$0.47 for the next quarter and $0.42 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.92 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was $0.72 a year ago. Earnings per share for the fiscal year are expected to increase by 138.72%, and 3.62% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 33 brokerage firm advisors rate Sea Ltd ADR (SE) as a “Strong Buy” at a consensus score of 1.91. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 13 of the 33 advise that investors “hold,” and 0 rated it as a “Sell.”
