Greenland Capital Management LP Trims Position in Sea Limited Sponsored ADR $SE

Greenland Capital Management LP trimmed its position in Sea Limited Sponsored ADR (NYSE:SE) by 57.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,932 shares of the Internet company based in Singapore’s stock after selling 6,790 shares during the period. Greenland Capital Management LP’s holdings in SEA were worth $473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Raiffeisen Bank International AG increased its stake in shares of SEA by 1.8% during the second quarter. Raiffeisen Bank International AG now owns 6,405 shares of the Internet company based in Singapore’s stock valued at $595,000 after buying an additional 115 shares during the period. Cloud Capital Management LLC increased its position in SEA by 8.0% during 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 purchasing an additional 148 shares during the period. SlateStone Wealth LLC lifted its position 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 during the period. GAMMA Investing LLC lifted its position in shares of 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 worth $262,000 after purchasing an additional 170 shares during the period. Finally, Cornerstone Planning Group LLC boosted its stake in shares of SEA by 26.5% during 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 purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

SE has been the subject of a number of analyst reports. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Barclays upped their price objective on SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. cut their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.40.

SEA Stock Performance

Shares of NYSE:SE opened at $112.09 on Tuesday. The business’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 Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The firm has a market capitalization of $68.49 billion, a P/E ratio of 43.28, a P/E/G ratio of 1.12 and a beta of 1.51.

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

Insider Buying and Selling

In other SEA news, President Zhimin Feng sold 4,116 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $120.45, for a total transaction of $495,772.20. Following the sale, the president owned 208,291 shares of the company’s stock, valued at approximately $25,088,650.95. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Feng Zhao sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $120.07, for a total transaction of $240,140.00. Following the transaction, the insider owned 133,580 shares in the company, valued at $16,038,950.60. The trade was a 1.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,997,166 shares of company stock worth $243,478,064 over the last ninety days. Company insiders own 0.22% of the company’s stock.

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.