Nykredit A S Purchases Shares of 99,574 Sea Limited Sponsored ADR $SE

Nykredit A S acquired a new position in Sea Limited Sponsored ADR (NYSE:SE) in the second quarter, Holdings Channel reports. The institutional investor acquired 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 SE. Woodline Partners LP bought a new position in shares of SEA during the first quarter valued at approximately $4,028,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of SEA by 248.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after acquiring an additional 27,953 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of SEA by 4.2% during the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after acquiring an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings in SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after acquiring an additional 27,964 shares during the period. Finally, Morse Asset Management Inc boosted its holdings in SEA by 21.1% during the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after acquiring an additional 2,121 shares during the period. Institutional investors own 59.53% of the company’s stock.

SEA Stock Performance

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

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.16). The firm 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 quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Gang Ye sold 30,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 430,000 shares of the company’s stock, valued at approximately $55,620,500. This trade represents a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $137,282,970.00. Following the sale, the chief executive officer owned 288,450 shares of the company’s stock, valued at approximately $37,440,810. The trade was a 78.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,007,966 shares of company stock worth $244,388,876 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. Finally, Barclays increased their target price on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $149.11.

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.