85,475 Shares in Sea Limited Sponsored ADR $SE Bought by Whetstone Capital Advisors LLC

Key Points

• Whetstone Capital Advisors initiated an 85,475-share position in Sea Limited, valued at approximately $8.19 million and representing 2.2% of its portfolio. Institutional investors collectively own 59.53% of SEA.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above analyst estimates, but earnings per share of $0.70 missed expectations of $0.86.
• Analyst sentiment remains favorable, with SEA carrying a “Moderate Buy” consensus rating and an average price target of $149.40 versus a recent share price of $108.60, though recent insider stock sales add a cautionary signal.

Whetstone Capital Advisors LLC bought a new stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 85,475 shares of the Internet company based in Singapore's stock, valued at approximately $8,191,000. SEA comprises approximately 2.2% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Woodline Partners LP acquired a new position in shares of SEA during the first quarter valued at about $4,028,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore's stock valued at $6,268,000 after acquiring an additional 27,953 shares during the period. Captrust Financial Advisors raised its holdings in SEA by 4.2% in the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore's stock valued at $4,348,000 after acquiring an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in shares of SEA by 5.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore's stock worth $86,880,000 after acquiring an additional 27,964 shares during the period. Finally, Morse Asset Management Inc grew its holdings in shares of 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 worth $1,946,000 after purchasing an additional 2,121 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

SEA Price Performance

Shares of SE stock opened at $108.60 on Thursday. The stock's fifty day simple moving average is $111.98 and its 200 day simple moving average is $97.07. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The firm has a market cap of $66.36 billion, a price-to-earnings ratio of 41.93, a P/E/G ratio of 1.14 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The business's revenue was up 48.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SE shares. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of SEA from $168.00 to $163.00 and set an "overweight" rating on the stock in a research note on Thursday, May 14th. TD Cowen reissued a "hold" rating on shares of SEA in a report on Monday, August 17th. Barclays raised their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SEA presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.40.

More SEA News

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Arete Research upgraded Sea Limited from “neutral” to “buy” and assigned a $152 price target, implying substantial upside from recent trading levels. The call adds to a generally favorable analyst outlook, with MarketBeat reporting a “Moderate Buy” consensus and an average target of $149.40. Wall Street analyst outlook for Sea Limited
• Neutral Sentiment: Analyst sentiment remains broadly constructive: RBC recently upgraded the stock to “buy,” Morgan Stanley maintained an “overweight” rating with a $153 target, and JPMorgan maintained its overweight view despite lowering its target to $163. However, Zacks Research downgraded the shares to “strong sell,” highlighting disagreement about the company’s outlook.
• Negative Sentiment: Sea Limited COO Gang Ye sold 20,000 shares for approximately $2.25 million at an average price of $112.73, reducing his stake by 2.57%. While he still owns roughly 758,792 shares, the transaction may weigh on sentiment because it represents a sizable insider sale. Sea Limited insider selling alert
• Negative Sentiment: Insider Yanjun Wang sold another 1,500 shares for $169,125, cutting ownership by 13.51%. This is part of a recurring selling pattern: Wang has sold 1,500 shares in multiple transactions since mid-August, including another sale on September 4. Repeated insider selling can raise caution even when the dollar amounts are modest.

Insider Buying and Selling

In related news, insider Yanjun Wang sold 1,500 shares of SEA stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $112.75, for a total transaction of $169,125.00. Following the completion of the transaction, the insider directly owned 9,600 shares of the company's stock, valued at $1,082,400. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Zhimin Feng sold 4,116 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $120.45, for a total transaction of $495,772.20. Following the sale, the president directly owned 208,291 shares in the company, valued at $25,088,650.95. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,009,366 shares of company stock worth $245,180,736 in the last quarter. 0.22% of the stock is owned by corporate insiders.

About SEA

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

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