99,574 Shares in Sea Limited Sponsored ADR $SE Acquired by Nykredit A S

Nykredit A S bought a new position in Sea Limited Sponsored ADR (NYSE:SE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 99,574 shares of the Internet company based in Singapore’s stock, valued at approximately $9,542,000.

Several other large investors have also recently modified their holdings of the stock. Cloud Capital Management LLC increased its stake in SEA by 8.0% during the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after purchasing an additional 148 shares in the last quarter. SlateStone Wealth LLC increased its position in shares of SEA by 0.5% during the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after acquiring an additional 150 shares in the last quarter. GAMMA Investing LLC raised its holdings in SEA by 6.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after acquiring an additional 170 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of SEA by 7.1% in the fourth quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore’s stock worth $460,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SE. JPMorgan Chase & Co. reduced their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Barclays raised their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday, August 17th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.11.

Insider Buying and Selling at SEA

In other SEA news, COO Gang Ye sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total value of $3,880,500.00. Following the completion of the sale, the chief operating officer owned 430,000 shares in the company, valued at $55,620,500. This represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Xiaodong Li sold 1,057,650 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $129.80, for a total value of $137,282,970.00. Following the completion of the transaction, the chief executive officer directly owned 288,450 shares in the company, valued at $37,440,810. This trade represents a 78.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,007,966 shares of company stock worth $244,388,876 over the last quarter. 0.22% of the stock is owned by company insiders.

SEA Stock Down 0.9%

Shares of SE stock opened at $112.09 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The stock has a market cap of $68.49 billion, a P/E ratio of 43.28, a P/E/G ratio of 1.12 and a beta of 1.51. The company has a 50 day simple moving average of $111.11 and a two-hundred day simple moving average of $97.15.

SEA (NYSE:SE) last issued 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 business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The company’s revenue was up 48.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. On average, research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

SEA Profile

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.