Equitable Trust Co. Has $15.53 Million Stock Holdings in Sea Limited Sponsored ADR $SE

Equitable Trust Co. grew its stake in shares of Sea Limited Sponsored ADR (NYSE:SE) by 30.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 187,558 shares of the Internet company based in Singapore’s stock after acquiring an additional 44,252 shares during the quarter. Equitable Trust Co.’s holdings in SEA were worth $15,532,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Zions Bancorporation National Association UT raised its stake in SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 259 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in SEA during the fourth quarter worth about $44,000. Cornerstone Planning Group LLC grew its stake in SEA by 461.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after buying an additional 540 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares during the period. Finally, Osbon Capital Management LLC bought a new position in SEA in the 4th quarter valued at about $175,000. 59.53% of the stock is currently owned by institutional investors.

Insider Activity at SEA

In related news, COO Gang Ye sold 20,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $104.41, for a total transaction of $2,088,200.00. Following the sale, the chief operating officer owned 500,000 shares in the company, valued at $52,205,000. The trade was a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Yanjun Wang sold 1,200 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $104.67, for a total value of $125,604.00. Following the completion of the transaction, the insider directly owned 43,600 shares of the company’s stock, valued at approximately $4,563,612. The trade was a 2.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,367,514 shares of company stock valued at $122,233,609 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

SEA Stock Performance

Shares of SEA stock opened at $109.17 on Friday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The firm has a market capitalization of $66.71 billion, a P/E ratio of 42.98, a P/E/G ratio of 1.02 and a beta of 1.55. The company’s 50 day moving average price is $91.17 and its two-hundred day moving average price is $99.87.

SEA (NYSE:SE) last announced its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SE. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the company an “overweight” rating in a research report on Friday, March 13th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. JPMorgan Chase & Co. reduced their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, TD Cowen lifted their price target on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.

About SEA

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.