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 $1.06 billion. 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.
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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The top 3 mutual fund holders in Sea Ltd ADR are Government Pension Fund – Global, Fidelity Inv. Trust – Emerging Ma, and Fidelity Advisor Series I -Growth. Government Pension Fund – Global owns 6.24 million shares of the company’s stock, all valued at over $252.55 million. The company bought an additional 4.05 million shares recently to bring their total holdings to about 1.20% of the shares outstanding. Fidelity Inv. Trust – Emerging Ma bought 0.19 million shares to see its total holdings expand to 5.2 million shares valued at over $210.78 million and representing 1.00% of the shares outstanding. Fidelity Advisor Series I -Growth bought 0.59 million shares to bring its total holdings to over 4.27 million shares at a value of $172.91 million. Fidelity Advisor Series I -Growth now owns shares totaling to 0.82% of the shares outstanding.
The company’s stock has a 5-day price change of 3.51% and -17.61% over the past three months. SE shares are trading -8.27% year to date (YTD), with the 12-month market performance down to -39.42% lower. It has a 12-month low price of $34.35 and touched a high of $88.84 over the same period. SE has an average intraday trading volume of 8.86 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 -1.66%, -3.38%, and -29.03% respectively.
Institutional ownership of Sea Ltd ADR (NYSE: SE) shares accounts for 55.36% of the company’s 519.23M shares outstanding. Mutual fund holders own 21.49%, while other institutional holders and individual stakeholders account for 34.41% and — respectively.
It has a market capitalization of $19.29B and a beta (3y monthly) value of 1.50. The stock’s trailing 12-month PE ratio is 33.15, 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 3.83% over the week and 4.13% over the month.
Analysts forecast that Sea Ltd ADR (SE) will achieve an EPS of -$0.25 for the current quarter, -$0.47 for the next quarter and $0.06 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.42 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 140.01%, and -8.39% over the next financial year.
