Sea Limited Sponsored ADR $SE Shares Sold by Greenwoods Asset Management Hong Kong Ltd.

Key Points

• Greenwoods Asset Management Hong Kong cut its SEA position by 55.5% in the second quarter, selling 271,070 shares and retaining 216,978 shares worth approximately $20.8 million. Institutional investors collectively own 59.53% of SEA.
• SEA insiders have also been selling: the CEO and COO recently disposed of shares, while insiders sold nearly 2.0 million shares worth $242.9 million over the past 90 days.
• SEA reported strong revenue growth of 48.3% year over year to $7.79 billion, but missed quarterly EPS estimates. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $149.11 versus the reported share price of $112.74.

Greenwoods Asset Management Hong Kong Ltd. reduced its position in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 55.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,978 shares of the Internet company based in Singapore's stock after selling 271,070 shares during the period. SEA accounts for about 1.0% of Greenwoods Asset Management Hong Kong Ltd.'s portfolio, making the stock its 11th largest holding. Greenwoods Asset Management Hong Kong Ltd.'s holdings in SEA were worth $20,793,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SE. Independence Bank of Kentucky lifted its position in shares of SEA by 611.1% in 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 acquiring an additional 1,100 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of SEA in the second quarter worth approximately $212,000. Wellington Management Group LLP increased its position in shares of SEA by 35.6% during the second quarter. Wellington Management Group LLP now owns 164,536 shares of the Internet company based in Singapore's stock worth $15,767,000 after purchasing an additional 43,193 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of SEA during the second quarter worth approximately $12,410,000. Finally, Public Employees Retirement System of Ohio acquired a new position in SEA in the 2nd quarter valued at $37,527,000. Institutional investors and hedge funds own 59.53% of the company's stock.

Insiders Place Their Bets

In other news, CEO Xiaodong Li sold 5,164 shares of SEA stock in a transaction on Friday, August 28th. The stock was sold at an average price of $120.43, for a total transaction of $621,900.52. Following the transaction, the chief executive officer owned 1,227,828 shares in the company, valued at $147,867,326.04. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gang Ye sold 20,000 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $113.29, for a total transaction of $2,265,800.00. Following the transaction, the chief operating officer directly owned 258,792 shares in the company, valued at approximately $29,318,545.68. The trade was a 7.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,997,266 shares of company stock worth $242,895,416. 0.22% of the stock is currently owned by company insiders.

SEA Price Performance

NYSE:SE opened at $112.74 on Thursday. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market cap of $68.89 billion, a PE ratio of 43.53, a P/E/G ratio of 1.13 and a beta of 1.51. The stock has a 50 day moving average price of $110.22 and a 200 day moving average price of $97.00.

SEA (NYSE:SE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.16). The company had revenue of $7.79 billion for 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%.The business's quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Equities research analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on SEA from $168.00 to $163.00 and set an "overweight" rating on the stock in a report on Thursday, May 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $153.00 target price on shares of SEA in a report on Thursday, August 13th. Jefferies Financial Group reiterated a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. Benchmark raised their price target on shares of SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Finally, Zacks Research lowered shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.11.

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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