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

Key Points

• Euro Pacific Asset Management initiated a position in Sea Limited by purchasing 22,177 shares valued at approximately $2.16 million. Institutional investors and hedge funds collectively own 59.53% of the company.
• Analysts maintain a generally positive outlook, with Sea receiving a consensus “Moderate Buy” rating and an average price target of $149.40, despite one strong-sell rating.
• Sea’s latest quarterly revenue rose 48.3% year over year to $7.79 billion but earnings per share of $0.70 missed estimates. Meanwhile, insiders sold more than 2.1 million shares worth approximately $260.4 million over the past three months.

Euro Pacific Asset Management LLC bought 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 bought 22,177 shares of the Internet company based in Singapore's stock, valued at approximately $2,159,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its position in SEA by 53.9% in the 3rd 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 last quarter. Cornerstone Planning Group LLC boosted its position in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Independence Bank of Kentucky grew its stake in shares of SEA by 611.1% during the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock worth $123,000 after acquiring an additional 1,100 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of SEA during the 4th quarter worth approximately $175,000. Finally, HB Wealth Management LLC bought a new position in shares of SEA during the 2nd quarter worth approximately $203,000. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SE has been the topic of a number of research reports. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 target price on shares of SEA and gave the stock a "buy" rating in a report on Monday, September 7th. Zacks Research downgraded shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Finally, Morgan Stanley reissued an "overweight" rating and set a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $149.40.

SEA Stock Up 0.2%

SE stock traded up $0.20 during mid-day trading on Tuesday, reaching $96.08. The company had a trading volume of 5,235,620 shares, compared to its average volume of 4,787,953. 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 $109.07 and a two-hundred day simple moving average of $98.18. The company has a market capitalization of $58.71 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 0.97 and a beta of 1.54. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $184.96.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. The company's revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, equities analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Insider Activity

In other SEA news, CEO Xiaodong Li sold 1,057,650 shares of the company'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 directly owned 288,450 shares of the company's stock, valued at approximately $37,440,810. This represents a 78.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Feng Zhao sold 40,000 shares of the stock in a transaction on 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. The SEC filing for this sale provides additional information. Insiders sold a total of 2,147,786 shares of company stock valued at $260,357,020 over the last three months. Corporate insiders own 0.22% of the company's stock.

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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