Sea Limited Sponsored ADR $SE Shares Newly Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC purchased a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,177 shares of the Internet company based in Singapore’s stock, valued at approximately $2,159,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG increased its holdings in shares of SEA by 21.5% during the third quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock worth $11,406,000 after buying an additional 20,680 shares in the last quarter. Whetstone Capital Advisors LLC bought a new position in shares of SEA in the second quarter valued at approximately $8,191,000. Banque Pictet & Cie SA boosted its holdings in shares of SEA by 6.6% in the 3rd quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after acquiring an additional 17,657 shares in the last quarter. Corient Private Wealth LP boosted its holdings in shares of SEA by 61.4% in the 2nd quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after acquiring an additional 10,099 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after acquiring an additional 251,517 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Trading Down 0.4%

Shares of NYSE SE opened at $75.43 on Monday. Sea Limited Sponsored ADR has a 1-year low of $71.53 and a 1-year high of $159.09. The company has a 50-day moving average of $94.84 and a two-hundred day moving average of $97.82. The company has a market cap of $46.09 billion, a PE ratio of 29.12, a P/E/G ratio of 0.78 and a beta of 1.58. 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 (NYSE:SE) last issued its quarterly 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). The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. The business’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. As a group, equities analysts expect that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Morgan Stanley reissued an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Wall Street Zen cut SEA from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.73.

Insider Transactions at SEA

In other SEA news, COO Gang Ye sold 30,000 shares of the stock in a transaction on 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 transaction, the chief operating officer directly owned 430,000 shares in the company, valued at approximately $55,620,500. This trade represents a 6.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jingye Chen sold 30,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $108.87, for a total value of $3,266,100.00. Following the completion of the transaction, the insider owned 270,000 shares in the company, valued at $29,394,900. The trade was a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,984,086 shares of company stock worth $241,395,898 in the last quarter. 0.22% of the stock is owned by corporate insiders.

About SEA

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.