Sea Limited Sponsored ADR $SE Stock Bought by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its SEA stake by 6.6% in the third quarter, adding 17,657 shares for a total holding of 283,921 shares valued at approximately $27.6 million. Institutional investors collectively own 59.53% of the company.
• SEA insiders have been selling shares, including Feng Zhao’s 40,000-share sale and Yanjun Wang’s 1,000-share sale. Insiders sold approximately $260.5 million of stock over the past three months, while insiders own just 0.22% of shares.
• SEA shares opened at $93.68 after falling 3.9%; the company recently reported revenue growth of 48.3% year over year but missed quarterly earnings expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $149.40.

Banque Pictet & Cie SA increased its holdings in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,921 shares of the Internet company based in Singapore's stock after purchasing an additional 17,657 shares during the quarter. Banque Pictet & Cie SA's holdings in SEA were worth $27,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Grove Bank & Trust boosted its holdings in 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 acquiring an additional 215 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of 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 period. Independence Bank of Kentucky grew its holdings 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 during the period. Osbon Capital Management LLC bought a new position in shares of SEA in the 4th quarter worth approximately $175,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of SEA in the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 59.53% of the company's stock.

Insider Activity at SEA

In other SEA news, insider Yanjun Wang sold 1,000 shares of the stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $95.49, for a total transaction of $95,490.00. Following the transaction, the insider directly owned 79,780 shares in the company, valued at $7,618,192.20. This represents a 1.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $3,800,800.00. Following the sale, the insider directly owned 93,580 shares in the company, valued at $8,891,971.60. This trade represents a 29.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,148,786 shares of company stock worth $260,452,510 over the last three months. 0.22% of the stock is currently owned by insiders.

SEA Trading Down 3.9%

SEA stock opened at $93.68 on Friday. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $171.09. The business's fifty day moving average is $107.71 and its 200 day moving average is $98.49. The stock has a market capitalization of $57.24 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.54. 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 (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 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 company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. SEA's quarterly revenue was up 48.3% on a year-over-year basis. On average, sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research upgraded SEA from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Benchmark boosted their target price on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. 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 price target on shares of SEA and gave the stock a "buy" rating in a research note on Monday, September 7th. Finally, Royal Bank Of Canada raised shares of SEA from a "sector perform" rating to a "buy" rating in a research note on Tuesday, September 8th. One equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $149.40.

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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