22,177 Shares of Sea Limited Sponsored ADR $SE Bought by Euro Pacific Asset Management LLC

Key Points

• Euro Pacific Asset Management opened a new Sea Limited position, buying 22,177 shares worth approximately $2.16 million in the third quarter. Institutional investors collectively own 59.53% of the stock.
• Sea reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but earnings per share of $0.70 fell short of the $0.86 consensus.
• Shares opened at $75.43, near the 12-month low of $71.53. Analysts have a “Moderate Buy” consensus rating and an average price target of $137.73, while company insiders have been net sellers recently.

Euro Pacific Asset Management LLC bought 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 13F filing with the SEC. The institutional investor bought 22,177 shares of the Internet company based in Singapore's stock, valued at approximately $2,159,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC increased its holdings in shares of SEA by 1,511.1% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 290 shares of the Internet company based in Singapore's stock worth $28,000 after purchasing an additional 272 shares during the period. Grove Bank & Trust lifted its stake in shares of SEA by 53.9% in the third quarter. Grove Bank & Trust now owns 614 shares of the Internet company based in Singapore's stock valued at $60,000 after buying an additional 215 shares during the period. Cornerstone Planning Group LLC grew its position in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after buying an additional 174 shares in the last quarter. Independence Bank of Kentucky grew its position in SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock worth $123,000 after buying an additional 1,100 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in SEA during the second quarter worth about $203,000. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

Shares of SEA stock opened at $75.43 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 firm's 50-day simple moving average is $94.84 and its 200-day simple moving average is $97.82. Sea Limited Sponsored ADR has a twelve month low of $71.53 and a twelve month high of $159.09. The firm has a market cap of $46.09 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58.

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

Insider Buying and Selling at SEA

In other news, insider Yanjun Wang sold 800 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $80.82, for a total value of $64,656.00. Following the sale, the insider directly owned 67,180 shares in the company, valued at approximately $5,429,487.60. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Tianyu Hou sold 10,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $89.03, for a total value of $890,300.00. Following the completion of the transaction, the chief financial officer directly owned 35,000 shares of the company's stock, valued at approximately $3,116,050. The trade was a 22.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,984,086 shares of company stock valued at $241,395,898. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on SE. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a report on Monday, July 20th. Arete Research upgraded SEA from a "neutral" rating to a "buy" rating and set a $152.00 price objective for the company in a research report on Monday, September 7th. New Street Research lowered SEA from a "buy" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a report on Monday, October 26th. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Finally, TD Cowen restated a "hold" rating and issued a $115.00 target price (up from $100.00) on shares of SEA in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.73.

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.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.

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