79,626 Shares in Sea Limited Sponsored ADR $SE Bought by Nykredit A S

Key Points

• Nykredit A S purchased 79,626 shares of Sea Limited, valued at approximately $7.6 million, during the second quarter. Institutional investors and hedge funds collectively own 59.53% of SEA’s stock.
• Analysts maintain a generally positive outlook, with SEA receiving a consensus “Moderate Buy” rating and an average price target of $149.40. Benchmark raised its target to $175, while Morgan Stanley set a $153 target.
• SEA’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, exceeding estimates, though earnings of $0.70 per share missed consensus. Insiders sold roughly $267.3 million worth of shares over the past three months.

Nykredit A S purchased a new position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 79,626 shares of the Internet company based in Singapore's stock, valued at approximately $7,631,000.

A number of other large investors have also made changes to their positions in the stock. SG Americas Securities LLC lifted its position in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock worth $135,999,000 after buying an additional 88,431 shares during the period. Charles Lim Capital Ltd boosted its stake in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock valued at $95,678,000 after buying an additional 475,000 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in SEA in the second quarter valued at $37,527,000. Handelsbanken Fonder AB grew its position in SEA by 18.8% in the second quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore's stock valued at $16,066,000 after acquiring an additional 26,498 shares during the period. Finally, Wellington Management Group LLP raised its stake in SEA by 35.6% during the second quarter. Wellington Management Group LLP now owns 164,536 shares of the Internet company based in Singapore's stock worth $15,767,000 after acquiring an additional 43,193 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SE shares. Weiss Ratings upgraded shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research 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 note on Thursday, August 13th. Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. Arete Research set a $152.00 target price on shares of SEA and gave the company a "buy" rating in a research note on Monday, September 7th. Finally, Benchmark boosted their target price on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.40.

SEA Stock Performance

Shares of SE stock opened at $102.55 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $195.48. The company's 50 day moving average price is $111.63 and its two-hundred day moving average price is $96.96. The company has a market capitalization of $62.66 billion, a P/E ratio of 39.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51.

SEA (NYSE:SE - Get Free Report) last announced its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $0.65 EPS. The firm's quarterly revenue was up 48.3% compared to the same quarter last year. On average, analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Insider Transactions at SEA

In other news, CEO Xiaodong Li sold 1,057,650 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the sale, the chief executive officer owned 288,450 shares in the company, valued at approximately $37,440,810. The trade was a 78.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jingye Chen sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the sale, the insider owned 270,000 shares in the company, valued at $29,394,900. The trade was a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,210,786 shares of company stock valued at $267,297,694 over the last three months. Company insiders own 0.22% of the company's stock.

SEA Profile

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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