121,653 Shares of Sea Limited Sponsored ADR $SE Bought by Trek Financial LLC

Trek Financial LLC purchased a new position in Sea Limited Sponsored ADR (NYSE:SE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 121,653 shares of the Internet company based in Singapore’s stock, valued at approximately $11,844,000.

A number of other large investors also recently modified their holdings of the company. Raiffeisen Bank International AG increased its holdings in SEA by 1.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after acquiring an additional 115 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in SEA by 0.9% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,837 shares of the Internet company based in Singapore’s stock valued at $1,659,000 after purchasing an additional 146 shares during the period. Profund Advisors LLC boosted its holdings in SEA by 3.2% in the 3rd quarter. Profund Advisors LLC now owns 5,151 shares of the Internet company based in Singapore’s stock valued at $502,000 after purchasing an additional 158 shares during the period. GAMMA Investing LLC grew its position in shares of SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after purchasing an additional 170 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its position 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 valued at $70,000 after purchasing an additional 174 shares in the last quarter. 59.53% of the stock is currently owned by institutional investors.

Insider Transactions at SEA

In other news, insider Jingye Chen sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was 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. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Xiaodong Li sold 1,057,650 shares of SEA stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total value of $137,282,970.00. Following the sale, the chief executive officer owned 288,450 shares in the company, valued at $37,440,810. This represents a 78.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,016,986 shares of company stock worth $246,202,085 over the last 90 days. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Benchmark upped their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Wall Street Zen lowered SEA from a “buy” rating to a “hold” rating in a research note on Sunday. New Street Research cut SEA from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Monday, October 26th. Finally, Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. One equities research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.91.

SEA Stock Performance

SEA stock opened at $74.28 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $99.06 and a 200-day moving average of $99.02. The firm has a market cap of $45.39 billion, a P/E ratio of 28.68, a P/E/G ratio of 0.77 and a beta of 1.54. Sea Limited Sponsored ADR has a 1-year low of $71.53 and a 1-year high of $159.80.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 48.3% on a year-over-year basis. Sell-side analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

About SEA

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea’s e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company’s digital financial services division.