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

Wellington Management Group LLP increased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 35.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,536 shares of the Internet company based in Singapore’s stock after buying 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.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC increased its position in SEA by 8.0% in the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after buying an additional 148 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in shares of SEA by 0.5% in 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 in the last quarter. GAMMA Investing LLC grew its position in SEA by 6.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock valued at $262,000 after purchasing an additional 170 shares during the period. Cornerstone Planning Group LLC grew its position in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after purchasing an additional 174 shares during the period. Finally, Advisory Services Network LLC increased its stake in SEA by 7.1% during the 4th quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore’s stock valued at $460,000 after purchasing an additional 239 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Insider Buying and Selling at SEA

In other news, COO Gang Ye sold 20,000 shares of SEA stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $113.33, for a total transaction of $2,266,600.00. Following the sale, the chief operating officer directly owned 218,792 shares in the company, valued at $24,795,697.36. The trade was a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Zhimin Feng sold 4,116 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $120.45, for a total transaction of $495,772.20. Following the completion of the transaction, the president directly owned 208,291 shares in the company, valued at $25,088,650.95. This trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,997,166 shares of company stock valued at $243,478,064 in the last ninety days. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. TD Cowen restated a “hold” rating on shares of SEA in a report on Monday, August 17th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Benchmark upped their target price on shares of SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. One research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.40.

SEA Price Performance

SE opened at $112.09 on Tuesday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a market capitalization of $68.49 billion, a P/E ratio of 43.28, a PEG ratio of 1.12 and a beta of 1.51. The company’s 50-day moving average is $111.50 and its 200 day moving average is $97.11. 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 (NYSE:SE) last posted its quarterly earnings data 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). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

SEA Company 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.