Carmignac Gestion Boosts Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Carmignac Gestion increased its SEA position by 2.2% in the second quarter, bringing its holdings to 651,818 shares valued at approximately $62.3 million. Institutional investors own 59.53% of the company.
• SEA insiders sold nearly 2 million shares worth approximately $243.5 million over the past three months, including substantial sales by CEO Xiaodong Li and COO Gang Ye.
• Analysts maintain a generally positive view, with SEA receiving a “Moderate Buy” consensus rating and an average price target of $149.40. The company’s latest revenue rose 48.3% year over year to $7.79 billion, though quarterly EPS of $0.70 missed estimates.

Carmignac Gestion increased its position in Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 651,818 shares of the Internet company based in Singapore's stock after acquiring an additional 14,242 shares during the period. SEA comprises approximately 0.8% of Carmignac Gestion's holdings, making the stock its 28th largest position. Carmignac Gestion owned approximately 0.11% of SEA worth $62,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zions Bancorporation National Association UT increased its holdings in shares of SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock worth $39,000 after purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after purchasing an additional 174 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in shares of SEA by 611.1% during the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock valued at $123,000 after purchasing an additional 1,100 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock valued at $144,000 after purchasing an additional 573 shares in the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in shares of SEA during the fourth quarter valued at $175,000. 59.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SEA news, CEO Xiaodong Li sold 1,057,650 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $129.80, for a total transaction of $137,282,970.00. Following the completion of the sale, the chief executive officer directly owned 288,450 shares of the company's stock, valued at approximately $37,440,810. This represents a 78.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gang Ye sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total transaction of $3,880,500.00. Following the completion of the transaction, the chief operating officer owned 430,000 shares in the company, valued at $55,620,500. The trade was a 6.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,997,166 shares of company stock worth $243,478,064. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. Weiss Ratings raised shares of SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Arete Research set a $152.00 price objective on shares of SEA and gave the company a "buy" rating in a report on Monday. Finally, Morgan Stanley restated an "overweight" rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SEA currently has an average rating of "Moderate Buy" and an average target price of $149.40.

SEA Stock Performance

SEA stock traded up $1.39 during mid-day trading on Tuesday, reaching $113.48. 4,412,074 shares of the stock traded hands, compared to its average volume of 4,889,919. The stock has a market capitalization of $69.34 billion, a PE ratio of 43.82, a price-to-earnings-growth ratio of 1.12 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 Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The business's 50-day moving average is $111.50 and its 200-day moving average is $97.11.

SEA (NYSE:SE - Get Free Report) last announced its earnings results 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). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous 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. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

SEA Profile

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.

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