Cambridge Investment Research Advisors Inc. recently filed its Form 13F with the Securities & Exchange Commission, revealing a 40.6% decrease in its position in shares of Sea Limited (NYSE:SE) during the fourth quarter. The investment advisory firm based in Iowa owned 9,586 shares of the Singaporean internet company’s stock worth $499,000 at the end of the reporting period following its sale of 6,555 shares.
Sea Limited announced its Q1 earnings on Tuesday, May 16th which highlighted a disappointing $0.15 earning per share for the quarter compared to a consensus estimate of $0.64 per share, resulting in an unfavorable miss of ($0.49). The firm recorded revenue of $3.04 billion during Q1 also matching analysts’ forecasts.
Although SEA had a negative net margin and return on equity through this year’s opening fiscal quarter, it experienced an encouraging upward trend registering a positive growth rate of 4.9% compared to last year’s same period despite posting ($1.04) EPS.
Considering these figures and overall performance YTD basis; most analysts predict that Sea Limited will post around $1.75 earnings per share for this fiscal year definitely offering investors what can be described as cautious optimism about the company’s long-term potential.
In conclusion, while Cambridge Investment Research Advisors Inc.’s latest regulatory filing may have raised concerns among some investors about SEA’s prospects over near term especially considering last reporting figures plus decreasing ownership by significant shareholders like CIRAI; however taking into account the past figures and evidence from ongoing data about SEA Ltd such as an uptick in revenue along-with signals pointing toward future growth opportunities including continued expansion into E-commerce markets suggests that smart investors are wise to maintain confidence in steady progress from this promising company.
Institutional Investors Show Interest in Singapore-Based Internet Company Sea Limited (SE)
Institutional investors have recently been active in the Singapore-based Internet company, Sea Limited (SE). Whittier Trust Co. of Nevada Inc. has raised its SE stake by 107.1% during the fourth quarter and now owns 580 shares worth $30,000 after purchasing an additional 300 shares in the interval. Similarly, Tradition Wealth Management LLC and CWM LLC invested heavily in SE by increasing their positions by 50.4% and 26.3%, respectively, during the same period.
Meanwhile, IFP Advisors Inc boosted its holdings by 56.3% during the third quarter, while Laffer Tengler Investments bought a new position in SE shares in the first quarter of 2021 worth approximately $66,000. Given this palpable investor interest combined with recent institutional movement, it is clear that analysts expect growth from SE’s unique business model that incorporates e-commerce and gaming for users across Southeast Asia.
SE’s stock showed solid opening numbers at $60.48 on Friday despite turbulence elsewhere in the market; this gives credence to those who see potential for strong returns on investment from this fast-growing digital marketplace operator spanning six countries.
Despite its strong performance recently, some investors are wary of taking a bite out of SE given its currently-strong P/E ratio of -33.23 amid speculation surrounding future earnings estimates and influences on stock value over time.
Looking forward into next year’s annual report announcements, will speculated forecasts become reality for Sea Limited? Only time can tell if these projections will come to fruition as institutional investors continue to monitor company activity closely to make informed decisions and optimize their portfolios as they navigate these uncertain times ahead. As with any large corporation worth their salt though– it seems there should be no shortage of complexity and uncertainty around SE that keeps both investors and analysts quite busy indeed!
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