Sea Limited Sponsored ADR $SE Stock: Jefferies Financial Group Inc. Raises Holdings

Jefferies Financial Group Inc. increased its position in Sea Limited Sponsored ADR (NYSE:SE) by 37.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,720 shares of the Internet company based in Singapore’s stock after buying an additional 9,191 shares during the period. Jefferies Financial Group Inc.’s holdings in SEA were worth $3,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC acquired a new position in SEA during the 3rd quarter worth approximately $415,000. Matthews International Capital Management LLC acquired a new stake in SEA in the third quarter valued at approximately $13,752,000. M&G PLC grew its stake in SEA by 2.7% in the third quarter. M&G PLC now owns 291,229 shares of the Internet company based in Singapore’s stock valued at $28,249,000 after acquiring an additional 7,602 shares during the period. Hohimer Wealth Management LLC grew its stake in SEA by 5.8% in the third quarter. Hohimer Wealth Management LLC now owns 6,997 shares of the Internet company based in Singapore’s stock valued at $681,000 after acquiring an additional 382 shares during the period. Finally, Euro Pacific Asset Management LLC bought a new stake in shares of SEA during the third quarter valued at approximately $2,159,000. 59.53% of the stock is owned by institutional investors.

Insider Buying and Selling at SEA

In other SEA news, insider Feng Zhao sold 30,000 shares of SEA stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the transaction, the insider directly owned 63,580 shares of the company’s stock, valued at $5,100,387.60. The trade was a 32.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $74.31, for a total transaction of $59,448.00. Following the completion of the sale, the insider owned 63,180 shares of the company’s stock, valued at approximately $4,694,905.80. The trade was a 1.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 787,606 shares of company stock valued at $86,529,397 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StoneX lowered their target price on SEA from $175.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Bank of America set a $110.00 price target on shares of SEA and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen lowered shares of SEA from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. Finally, Arete Research upgraded shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.67.

Top SEA Stories

Investors following SE have been watching these stories:

• Positive Sentiment: Call-option activity was reported as unusually large, which may indicate bullish positioning, though it does not confirm investors’ outlook. SEA call options activity
• Neutral Sentiment: Barclays lowered its target to $150 from $156 but kept an “overweight” rating; StoneX cut its target to $155 from $175 while retaining “buy.” The continued positive ratings are balanced by the lower targets. Barclays ratings StoneX ratings
• Negative Sentiment: Insider Yanjun Wang has made repeated small sales of 800 shares, including a reported sale at $75.02. This is a modest signal, given the size of the latest transaction and his remaining ownership. SEA insider trading

SEA Stock Performance

Shares of SE opened at $74.45 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a 50 day moving average price of $91.74 and a two-hundred day moving average price of $96.87. The firm has a market capitalization of $45.49 billion, a P/E ratio of 26.78, a P/E/G ratio of 0.76 and a beta of 1.58. Sea Limited Sponsored ADR has a 52 week low of $71.33 and a 52 week high of $148.26.

SEA (NYSE:SE) last issued its quarterly earnings data on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.21). SEA had a return on equity of 13.85% and a net margin of 5.89%. The company had revenue of $8.58 billion during the quarter, compared to analysts’ expectations of $8.08 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 43.7% compared to the same quarter last year. Equities analysts forecast that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

SEA Profile

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.