Greenwoods Asset Management Hong Kong Ltd. Lowers Holdings in Sea Limited Sponsored ADR $SE

Greenwoods Asset Management Hong Kong Ltd. decreased its holdings in shares of Sea Limited Sponsored ADR (NYSE:SE) by 55.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 216,978 shares of the Internet company based in Singapore’s stock after selling 271,070 shares during the quarter. SEA makes up about 1.0% of Greenwoods Asset Management Hong Kong Ltd.’s holdings, making the stock its 11th biggest holding. Greenwoods Asset Management Hong Kong Ltd.’s holdings in SEA were worth $20,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SE. Independence Bank of Kentucky raised its position in 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 purchasing an additional 1,100 shares during the period. Rehmann Capital Advisory Group purchased a new position in shares of SEA during the 2nd quarter worth $212,000. Wellington Management Group LLP grew its holdings in shares of SEA by 35.6% during the 2nd 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 during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of SEA during the 2nd quarter worth about $12,410,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of SEA during the 2nd quarter worth about $37,527,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Trading Up 0.1%

Shares of NYSE SE opened at $112.74 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $68.89 billion, a PE ratio of 43.53, a PEG ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The stock has a fifty day simple moving average of $110.22 and a 200-day simple moving average of $97.00.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) 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 firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $0.65 EPS. SEA’s revenue was up 48.3% on a year-over-year basis. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Insider Activity at SEA

In other news, insider Yanjun Wang sold 1,500 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $114.07, for a total transaction of $171,105.00. Following the sale, the insider owned 17,100 shares of the company’s stock, valued at approximately $1,950,597. This represents a 8.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Zhimin Feng sold 4,116 shares of the firm’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 completion of the transaction, the president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,997,266 shares of company stock valued at $242,895,416. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. Morgan Stanley reiterated an “overweight” rating and set a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Barclays upped their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One investment 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.