Sea Limited Sponsored ADR $SE Stock: Jefferies Financial Group Inc. Increases Position

Jefferies Financial Group Inc. lifted its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 37.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 33,720 shares of the Internet company based in Singapore’s stock after acquiring an additional 9,191 shares during the quarter. Jefferies Financial Group Inc.’s holdings in SEA were worth $3,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SE. Carrhae Capital LLP bought a new stake in SEA during the second quarter worth $140,501,000. Sumitomo Mitsui Trust Group Inc. boosted its position in SEA by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock worth $120,826,000 after purchasing an additional 52,660 shares during the last quarter. Baird Financial Group Inc. boosted its position in SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after purchasing an additional 50,965 shares during the last quarter. Carmignac Gestion grew its stake in SEA by 2.2% in the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after purchasing an additional 14,242 shares during the period. Finally, National Pension Service grew its stake in SEA by 10.0% in the 2nd quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after purchasing an additional 54,819 shares during the period. 59.53% of the stock is owned by institutional investors.

SEA Trading Up 0.6%

NYSE:SE opened at $74.45 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $45.49 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.58. The firm’s 50 day moving average is $91.74 and its 200 day moving average is $96.87. Sea Limited Sponsored ADR has a 12 month low of $71.33 and a 12 month high of $148.26.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a net margin of 5.89% and a return on equity of 13.85%. The firm had revenue of $8.58 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period last year, the company posted $0.59 earnings per share. SEA’s revenue for the quarter was up 43.7% on a year-over-year basis. Sell-side analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SE. Benchmark raised their target price on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of SEA from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. StoneX cut their price target on shares of SEA from $175.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday. Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Monday, September 7th. Finally, Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus target price of $134.67.

Insider Buying and Selling at SEA

In related news, insider Yanjun Wang sold 800 shares of SEA stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $74.31, for a total value of $59,448.00. Following the completion of the sale, the insider owned 63,180 shares of the company’s stock, valued at approximately $4,694,905.80. This trade represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Feng Zhao sold 30,000 shares of SEA stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $80.22, for a total value of $2,406,600.00. Following the completion of the sale, the insider directly owned 63,580 shares of the company’s stock, valued at approximately $5,100,387.60. This trade represents a 32.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 787,606 shares of company stock worth $86,529,397. Corporate insiders own 0.22% of the company’s stock.

Key Headlines Impacting SEA

Here are a few of the latest headlines about SE:

• Neutral Sentiment: Barclays lowered its target to $150 from $156 but kept an “overweight” rating; StoneX cut its target to $155 from $175 while retaining “buy.” The continued positive ratings are balanced by the lower targets. Barclays ratings StoneX ratings
• Negative Sentiment: Recent quarterly EPS of $0.78 missed the $0.99 consensus, despite revenue of $8.58 billion beating estimates and growing about 44% year over year. The profit shortfall may be overshadowing strong sales growth. Monee’s reported increase in credit-loss provisions also raises questions about lending risk and margins.
• Negative Sentiment: Insider Yanjun Wang has made repeated small sales of 800 shares, including a reported sale at $75.02. This is a modest signal, given the size of the latest transaction and his remaining ownership. SEA insider trading

SEA Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017. Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.