Euro Pacific Asset Management LLC Makes New $2.16 Million Investment in Sea Limited Sponsored ADR $SE

by · The Markets Daily

Euro Pacific Asset Management LLC purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,177 shares of the Internet company based in Singapore’s stock, valued at approximately $2,159,000.

Several other hedge funds have also added to or reduced their stakes in SE. Carrhae Capital LLP acquired a new position in shares of SEA in the second quarter valued at approximately $140,501,000. SG Americas Securities LLC raised its position in shares of SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock valued at $135,999,000 after buying an additional 88,431 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of 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 valued at $84,245,000 after buying an additional 50,965 shares during the period. Carmignac Gestion increased its position in shares of SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after purchasing an additional 14,242 shares during the period. Finally, National Pension Service increased its holdings 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 buying an additional 54,819 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SE. Benchmark increased their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SEA presently has a consensus rating of “Moderate Buy” and an average price target of $149.40.

Read Our Latest Research Report on SEA

SEA Stock Up 0.2%

SEA stock traded up $0.20 during midday trading on Tuesday, reaching $96.08. The stock had a trading volume of 5,235,620 shares, compared to its average volume of 4,787,953. The company has a fifty day moving average price of $109.07 and a two-hundred day moving average price of $98.18. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $184.96. 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 company has a market capitalization of $58.71 billion, a P/E ratio of 37.10, a PEG ratio of 0.97 and a beta of 1.54.

SEA (NYSE:SE – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 48.3% compared to the same quarter last year. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Insider Activity

In related news, insider Yanjun Wang sold 1,000 shares of SEA stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $95.87, for a total transaction of $95,870.00. Following the transaction, the insider owned 81,780 shares of the company’s stock, valued at $7,840,248.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Feng Zhao sold 40,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the completion of the sale, the insider owned 93,580 shares of the company’s stock, valued at approximately $8,891,971.60. This represents a 29.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,147,786 shares of company stock valued at $260,357,020. 0.22% of the stock is currently owned by insiders.

SEA Profile

(Free Report)

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.

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