Sea Limited Sponsored ADR $SE Shares Sold by OPTIMAS CAPITAL Ltd

Key Points

• OPTIMAS CAPITAL cut its Sea Limited stake by 65.4% in the third quarter, selling 23,024 shares and retaining 12,176 shares valued at about $1.19 million.
• Other institutional investors increased their holdings, while institutional investors and hedge funds collectively owned 59.53% of Sea’s stock. Company insiders sold about $243.9 million in shares over the prior 90 days.
• Sea’s quarterly revenue rose 48.3% year over year to $7.79 billion, above estimates, but earnings per share of $0.70 missed expectations. Analysts’ average rating was “Moderate Buy,” with an average price target of $137.73.

OPTIMAS CAPITAL Ltd lessened its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 65.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,176 shares of the Internet company based in Singapore's stock after selling 23,024 shares during the quarter. SEA accounts for 1.6% of OPTIMAS CAPITAL Ltd's investment portfolio, making the stock its 17th biggest position. OPTIMAS CAPITAL Ltd's holdings in SEA were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. CenterBook Partners LP raised its holdings in shares of SEA by 404.1% during the 3rd quarter. CenterBook Partners LP now owns 71,949 shares of the Internet company based in Singapore's stock valued at $7,005,000 after buying an additional 57,677 shares during the period. Asset One Wealth Management LLC increased its stake in SEA by 108.5% during the 3rd quarter. Asset One Wealth Management LLC now owns 12,996 shares of the Internet company based in Singapore's stock worth $1,265,000 after buying an additional 6,764 shares during the period. Kestra Advisory Services LLC increased its stake in SEA by 105.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 11,985 shares of the Internet company based in Singapore's stock worth $1,167,000 after buying an additional 6,140 shares during the period. Commonwealth Equity Services LLC lifted its holdings in SEA by 56.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,937 shares of the Internet company based in Singapore's stock worth $1,260,000 after buying an additional 4,682 shares in the last quarter. Finally, Collaborative Fund Advisors LLC lifted its holdings in SEA by 35.8% in the 3rd quarter. Collaborative Fund Advisors LLC now owns 5,116 shares of the Internet company based in Singapore's stock worth $498,000 after buying an additional 1,348 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Stock Performance

Shares of NYSE:SE traded down $0.20 during trading on Friday, reaching $75.43. 8,819,217 shares of the company's stock traded hands, compared to its average volume of 7,430,746. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. Sea Limited Sponsored ADR has a 12 month low of $71.53 and a 12 month high of $159.09. The company has a 50 day moving average of $94.84 and a 200-day moving average of $97.82. The stock has a market capitalization 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 issued 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 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 period in the prior year, the business earned $0.65 EPS. The business's revenue was up 48.3% on a year-over-year basis. On average, equities analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Insider Transactions at SEA

In related news, insider Yanjun Wang sold 800 shares of the business'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 transaction of $64,656.00. Following the completion of the transaction, the insider owned 67,180 shares in the company, valued at $5,429,487.60. The trade was a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tianyu Hou sold 10,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,005,586 shares of company stock worth $243,859,568. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SE. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. cut their price objective on SEA from $173.00 to $149.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 28th. Arete Research upgraded SEA from a "neutral" rating to a "buy" rating and set a $152.00 target price for the company in a research report on Monday, September 7th. Wall Street Zen lowered SEA from a "buy" rating to a "hold" rating in a research report on Sunday, November 1st. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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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