Bank Pictet & Cie Europe AG Purchases 20,680 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Bank Pictet & Cie Europe AG increased its SEA stake by 21.5% in the third quarter, purchasing 20,680 shares and bringing its holdings to 116,811 shares valued at approximately $11.4 million. Institutional investors collectively own 59.53% of the company.
• SEA shares fell to $81.24, near their 12-month low of $77.05, despite revenue rising 48.3% year over year in the latest quarter; earnings per share of $0.70 missed analysts’ $0.86 estimate.
• Insiders sold substantial amounts of stock, including a combined 70,000 shares sold by Jingye Chen and Feng Zhao, while insiders sold 2.13 million shares worth $258.3 million last quarter. Analysts maintain a “Moderate Buy” consensus with a $149.40 average price target.

Bank Pictet & Cie Europe AG lifted its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 21.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,811 shares of the Internet company based in Singapore's stock after purchasing an additional 20,680 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in SEA were worth $11,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Grove Bank & Trust boosted its stake 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 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. B. Riley Wealth Advisors Inc. bought a new position in SEA in the 3rd quarter worth about $206,000. Finally, HB Wealth Management LLC bought a new position in SEA in the 2nd quarter worth about $203,000. Institutional investors own 59.53% of the company's stock.

Insider Buying and Selling at SEA

In other SEA news, insider Jingye Chen sold 30,000 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total transaction of $3,266,100.00. Following the completion of the sale, the insider directly owned 270,000 shares in the company, valued at $29,394,900. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Feng Zhao sold 40,000 shares of the company's 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 sale, the insider owned 93,580 shares of the company's stock, valued at approximately $8,891,971.60. The trade was a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,128,586 shares of company stock worth $258,287,740 in the last quarter. 0.22% of the stock is currently owned by company insiders.

SEA Price Performance

NYSE SE traded down $7.23 on Tuesday, reaching $81.24. 9,213,228 shares of the company's stock traded hands, compared to its average volume of 4,807,370. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $171.09. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The stock has a 50-day simple moving average of $107.19 and a 200 day simple moving average of $98.67. The stock has a market cap of $49.64 billion, a PE ratio of 31.31, a P/E/G ratio of 0.96 and a beta of 1.54.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data 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). SEA had a return on equity of 13.54% and a net margin of 5.98%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company's revenue was up 48.3% compared to the same quarter last year. As a group, research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

SEA News Summary

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Sea’s digital financial services arm, Monee, could eventually pursue an initial public offering as it expands and approaches the scale of an independent business. A separate listing could highlight Monee’s value and provide Sea with additional capital or strategic flexibility. Sea’s CEO says financial services arm Monee could go public
• Positive Sentiment: Sea marked the ninth anniversary of its New York Stock Exchange listing while highlighting Monee’s potential spin-off and launching Sea Cloud, an artificial-intelligence-focused initiative. The announcements reinforce management’s efforts to build new growth platforms, although their financial impact is not yet clear. Sea Marks IPO Anniversary as CEO Flags Monee Spin-Off Potential and Launches AI-Focused Sea Cloud
• Neutral Sentiment: Options activity was elevated, with investors purchasing 11,763 call options—about 33% above typical daily call volume. The activity may indicate increased bullish speculation, but it does not confirm that investors expect sustained gains.
• Negative Sentiment: Insider Yanjun Wang sold 1,000 shares for approximately $95,430 and has made a series of similar sales in recent weeks. While the latest transaction reduced the insider’s holdings by only 1.27%, the repeated selling may weigh on sentiment.

Wall Street Analyst Weigh In

Several analysts have weighed in on SE shares. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a report on Monday, July 20th. Morgan Stanley reissued an "overweight" rating and set a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. Arete Research set a $152.00 price objective on shares of SEA and gave the stock a "buy" rating in a research report on Monday, September 7th. Finally, TD Cowen reaffirmed a "hold" rating on shares of SEA in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $149.40.

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.

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