Sea Limited Sponsored ADR $SE Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in shares of Sea Limited Sponsored ADR (NYSE:SE) by 12.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,460 shares of the Internet company based in Singapore’s stock after selling 32,828 shares during the period. Pictet Asset Management Holding SA’s holdings in SEA were worth $22,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raiffeisen Bank International AG increased its position in SEA by 1.8% in the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock worth $595,000 after purchasing an additional 115 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in SEA by 0.9% during the third 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 in the last quarter. Profund Advisors LLC lifted its position in SEA by 3.2% during the third 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 last quarter. GAMMA Investing LLC lifted its position in SEA by 6.6% during the second 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 during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in SEA by 26.5% during the first 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 during the last quarter. 59.53% of the stock is currently owned by institutional investors.

Latest SEA News

These are some of the SE news items that stood out recently:

• Positive Sentiment: Third-quarter revenue climbed 43.4% year over year to $8.58 billion, topping estimates, while net income rose 34% to $502.5 million. The board also authorized an additional $1 billion share repurchase. Sea Limited Q3 results
• Negative Sentiment: Monee’s credit-loss provisions reportedly rose 82.3%, raising concerns about lending risk and whether growth can translate into stronger, sustainable margins. Sea growth and credit-loss provisions
• Negative Sentiment: Insider Yanjun Wang sold 800 shares in several recent transactions. The sales are small relative to his remaining holdings, but repeated selling may add to investor caution. Insider transactions

Insider Activity

In other news, insider Yanjun Wang sold 800 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $78.32, for a total transaction of $62,656.00. Following the transaction, the insider owned 64,780 shares of the company’s stock, valued at approximately $5,073,569.60. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Feng Zhao sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $80.22, for a total value of $2,406,600.00. Following the completion of the sale, the insider owned 63,580 shares in the company, valued at approximately $5,100,387.60. The trade was a 32.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 808,306 shares of company stock valued at $89,099,509. 0.22% of the stock is owned by insiders.

SEA Trading Down 3.9%

Shares of SE opened at $73.81 on Thursday. The company’s fifty day simple moving average is $92.51 and its 200-day simple moving average is $97.12. The company has a market cap of $45.10 billion, a P/E ratio of 26.55, a P/E/G ratio of 0.79 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 Limited Sponsored ADR has a twelve month low of $71.53 and a twelve month high of $150.79.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, November 10th. The Internet company based in Singapore reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.21). The firm had revenue of $8.58 billion for the quarter, compared to analysts’ expectations of $8.08 billion. SEA had a return on equity of 13.85% and a net margin of 5.89%. SEA’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. As a group, analysts expect that Sea Limited Sponsored ADR will post 2.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SE. Bank of America set a $110.00 price objective on shares of SEA and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group lowered their price target on shares of SEA from $164.00 to $142.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, Arete Research upgraded SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, SEA currently has an average rating of “Moderate Buy” and an average target price of $133.36.

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.