121,653 Shares in Sea Limited Sponsored ADR $SE Acquired by Trek Financial LLC

Trek Financial LLC purchased a new position in Sea Limited Sponsored ADR (NYSE:SE) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 121,653 shares of the Internet company based in Singapore’s stock, valued at approximately $11,844,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank Pictet & Cie Europe AG grew its stake in shares of SEA by 21.5% in the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock worth $11,406,000 after acquiring an additional 20,680 shares during the last quarter. Capstone Capital Management Ltd purchased a new position in shares of SEA in the 1st quarter worth about $1,612,000. Whetstone Capital Advisors LLC purchased a new position in shares of SEA in the 2nd quarter worth about $8,191,000. Banque Pictet & Cie SA boosted its stake in SEA by 6.6% in the 3rd quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after purchasing an additional 17,657 shares in the last quarter. Finally, Corient Private Wealth LP boosted its stake in SEA by 61.4% in the 2nd quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after purchasing an additional 10,099 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SE shares. Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research note on Monday, September 7th. Royal Bank Of Canada upgraded shares of SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. New Street Research downgraded shares of SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Monday, October 26th. Morgan Stanley restated an “overweight” rating and issued a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. cut their target price on SEA from $173.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, SEA currently has an average rating of “Moderate Buy” and an average target price of $140.91.

SEA Price Performance

SE opened at $74.28 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $45.39 billion, a P/E ratio of 28.68, a P/E/G ratio of 0.77 and a beta of 1.54. The company’s 50-day simple moving average is $99.06 and its two-hundred day simple moving average is $99.02. Sea Limited Sponsored ADR has a 52-week low of $71.53 and a 52-week high of $159.80.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s revenue was up 48.3% compared to the same quarter last year. As a group, analysts predict that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Insider Activity at SEA

In other SEA news, insider Yanjun Wang sold 800 shares of SEA stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $74.58, for a total value of $59,664.00. Following the completion of the sale, the insider owned 69,580 shares of the company’s stock, valued at approximately $5,189,276.40. The trade was a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tianyu Hou sold 10,000 shares of the business’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $89.03, for a total transaction of $890,300.00. Following the sale, the chief financial officer owned 35,000 shares of the company’s stock, valued at approximately $3,116,050. This represents a 22.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,016,986 shares of company stock worth $246,202,085 in the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

SEA Company Profile

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.