Fund 1 Investments LLC Sells 101,078 Shares of Sea Limited Sponsored ADR $SE

Key Points

• Fund 1 Investments cut its Sea Limited stake by 57.4% in the second quarter, selling 101,078 shares and retaining 75,000 shares worth approximately $7.19 million. Institutional investors collectively own 59.53% of the company.
• Sea reported 48.3% year-over-year revenue growth to $7.79 billion, beating estimates, but earnings of $0.70 per share missed expectations of $0.86. Shares opened at $112.09, while analysts maintain a “Moderate Buy” consensus with a $149.11 price target.
• Company insiders have sold about $244.4 million of stock over the past three months, including substantial sales by CEO Xiaodong Li and COO Gang Ye.

Fund 1 Investments LLC lessened its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 57.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,000 shares of the Internet company based in Singapore's stock after selling 101,078 shares during the quarter. SEA makes up 1.2% of Fund 1 Investments LLC's portfolio, making the stock its 21st largest holding. Fund 1 Investments LLC's holdings in SEA were worth $7,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raiffeisen Bank International AG raised its holdings in SEA by 1.8% in the 2nd 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 period. Cloud Capital Management LLC grew its holdings in SEA by 8.0% during the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore's stock valued at $255,000 after purchasing an additional 148 shares during the period. SlateStone Wealth LLC increased its position in SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore's stock worth $3,967,000 after buying an additional 150 shares in the last quarter. GAMMA Investing LLC increased its position in SEA by 6.6% in the second quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore's stock worth $262,000 after buying an additional 170 shares in the last quarter. Finally, 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 buying an additional 174 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

SEA Trading Down 0.9%

Shares of SE opened at $112.09 on Friday. The firm has a market cap of $68.49 billion, a P/E ratio of 43.28, 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 1 year low of $77.05 and a 1 year high of $199.30. The company has a 50 day simple moving average of $111.11 and a two-hundred day simple moving average of $97.15.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.SEA's quarterly revenue was up 48.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, equities analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SE shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of SEA in a research report on Monday, July 20th. Barclays raised their target price on shares of SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Zacks Research downgraded shares of SEA from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Morgan Stanley reissued an "overweight" rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. Finally, Benchmark raised their price objective on shares of SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $149.11.

Insider Activity

In related news, COO Gang Ye sold 30,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $129.35, for a total value of $3,880,500.00. Following the sale, the chief operating officer directly owned 430,000 shares in the company, valued at approximately $55,620,500. The trade was a 6.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Xiaodong Li sold 1,057,650 shares of the firm'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 value of $137,282,970.00. Following the transaction, the chief executive officer owned 288,450 shares of the company's stock, valued at $37,440,810. This represents a 78.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,007,966 shares of company stock valued at $244,388,876 in the last three months. Insiders own 0.22% of the company's stock.

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.

Want to see what other hedge funds are holding SE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sea Limited Sponsored ADR (NYSE:SE - Free Report).

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