Wellington Management Group LLP Acquires 43,193 Shares of Sea Limited Sponsored ADR $SE

Wellington Management Group LLP raised its holdings in Sea Limited Sponsored ADR (NYSE:SE) by 35.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,536 shares of the Internet company based in Singapore’s stock after purchasing an additional 43,193 shares during the period. Wellington Management Group LLP’s holdings in SEA were worth $15,767,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SE. Zions Bancorporation National Association UT raised its position in shares of SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 259 shares in the last quarter. Cornerstone Planning Group LLC boosted 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 valued at $70,000 after buying an additional 174 shares during the period. Cullen Frost Bankers Inc. grew its position in 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 worth $144,000 after buying an additional 573 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in SEA during the fourth quarter worth approximately $175,000. Finally, EverSource Wealth Advisors LLC increased its stake in SEA by 43.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after acquiring an additional 751 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Performance

SEA stock opened at $112.09 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock has a market cap of $68.49 billion, a PE ratio of 43.28, a P/E/G ratio of 1.12 and a beta of 1.51. 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 price is $111.50 and its two-hundred day moving average price is $97.11.

SEA (NYSE:SE) last posted its earnings results 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 company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company posted $0.65 EPS. The firm’s revenue was up 48.3% compared to the same quarter last year. As a group, analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SE. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. reduced their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Benchmark raised their price target on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.40.

Insider Activity at SEA

In other news, CEO Xiaodong Li sold 1,057,650 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 288,450 shares in the company, 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 on 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 transaction, the chief operating officer owned 430,000 shares of the company’s stock, 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 valued at $243,478,064. 0.22% of the stock is owned by insiders.

About SEA

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.