Sea Limited Sponsored ADR $SE Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP cut its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 57.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,450 shares of the Internet company based in Singapore’s stock after selling 30,479 shares during the period. Engineers Gate Manager LP’s holdings in SEA were worth $2,151,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raiffeisen Bank International AG raised its position 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 valued at $595,000 after purchasing an additional 115 shares during the last quarter. SlateStone Wealth LLC boosted its stake in SEA by 0.5% during the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC grew its position in SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after purchasing an additional 170 shares during the last quarter. Cornerstone Planning Group LLC grew its position in SEA by 26.5% during the 1st 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. Finally, Dorsey Wright & Associates increased its stake in SEA by 2.3% in the fourth quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock valued at $1,660,000 after purchasing an additional 298 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Performance

NYSE:SE opened at $102.81 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The firm has a market cap of $62.82 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. The firm’s fifty day moving average price is $112.18 and its 200 day moving average price is $96.98. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $195.48.

SEA (NYSE:SE) 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). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 48.3% compared to the same quarter last year. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SE. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Arete Research set a $152.00 price target on SEA and gave the company a “buy” rating in a research report on Monday, September 7th. Finally, Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued 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 an average rating of “Moderate Buy” and a consensus price target of $149.40.

Insider Transactions at SEA

In related news, COO Gang Ye sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $129.35, for a total value of $3,880,500.00. Following the completion of the sale, the chief operating officer owned 430,000 shares in the company, valued at $55,620,500. This trade represents a 6.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Xiaodong Li sold 1,057,650 shares of SEA 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 completion of the sale, the chief executive officer directly owned 288,450 shares in the company, 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 2,113,386 shares of company stock worth $257,040,026 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

SEA Company Profile

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.