11,944 Shares of Sea Limited Sponsored ADR $SE Bought by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors acquired 11,944 Sea Limited shares worth approximately $1.16 million in the third quarter. Institutional investors collectively own 59.53% of the company.
• Analysts remain broadly positive on SEA, with a consensus rating of “Moderate Buy” and an average price target of $149.40; Benchmark raised its target to $175.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above expectations, though earnings per share of $0.70 missed consensus estimates of $0.86. Insiders sold more than 2.1 million shares valued at roughly $260.4 million during the last quarter.

Sax Wealth Advisors LLC acquired a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,944 shares of the Internet company based in Singapore's stock, valued at approximately $1,163,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SE. Grove Bank & Trust increased its holdings in SEA by 53.9% during the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore's stock worth $60,000 after buying an additional 215 shares during the last quarter. Park National Corp OH boosted its stake in SEA by 41.4% during the third quarter. Park National Corp OH now owns 3,062 shares of the Internet company based in Singapore's stock valued at $298,000 after buying an additional 897 shares during the period. QRG Capital Management Inc. lifted its position in SEA by 15.7% during the second quarter. QRG Capital Management Inc. now owns 24,423 shares of the Internet company based in Singapore's stock valued at $2,340,000 after purchasing an additional 3,313 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in SEA by 14.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,579 shares of the Internet company based in Singapore's stock valued at $918,000 after purchasing an additional 1,182 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in SEA by 129.6% in the 2nd quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore's stock worth $495,000 after buying an additional 2,917 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SE. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday, September 8th. Benchmark lifted their price target on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Morgan Stanley reaffirmed an "overweight" rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Arete Research set a $152.00 target price on shares of SEA and gave the stock a "buy" rating in a research report on Monday, September 7th. Finally, Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.40.

Insider Buying and Selling

In other SEA news, COO Gang Ye sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the sale, the chief operating officer owned 430,000 shares in the company, valued at approximately $55,620,500. This trade represents a 6.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Feng Zhao sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00. Following the sale, the insider owned 93,580 shares in the company, valued at approximately $8,891,971.60. The trade was a 29.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,147,786 shares of company stock valued at $260,357,020. Insiders own 0.22% of the company's stock.

SEA Stock Performance

Shares of NYSE SE opened at $95.40 on Thursday. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $184.96. The firm has a 50 day moving average of $108.37 and a 200 day moving average of $98.38. 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 firm has a market capitalization of $58.29 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54.

SEA (NYSE:SE - Get Free Report) last posted 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 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 analysts' expectations of $7.12 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company's revenue for the quarter was up 48.3% on a year-over-year basis. On average, research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

SEA Profile

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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