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Sea Limited faces shareholder pressure amid declining market cap

EditorAmbhini Aishwarya
Published 16/11/2023, 10:00 pm
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Sea Limited (NYNYSE:SE:SE), a leading global consumer internet company, has been under the close watch of institutional investors who own a significant 49% of the company's shares. This keen interest from institutional investors became particularly important last week when Sea Limited experienced a substantial market cap drop of $2.9 billion, coupled with a one-year shareholder loss of 34%. With the stock’s current downtrend, there is growing concern that continued pressure could force these institutions to sell their stakes, potentially creating a ripple effect that may affect individual investors.

Institutional investors usually measure their performance against major indexes and often show a preference for stocks included in these benchmarks. Sea Limited's inclusion of institutional investors on its register reflects their analysts' generally positive outlook on the stock. However, this scenario also poses the risk of a 'crowded trade'. In such situations, if market sentiment turns negative, there may be a rush to sell the stock, which could drive prices down even further.

Tencent Holdings (OTC:TCEHY) Limited holds the largest share in Sea, with an 18% stake. Notably, personal investments in the company are significant among top management as well; Sea's CEO and a Board Member hold approximately 8.5% and 5.3% of the stock, respectively. These stakes underscore their commitment to the company's success.

The concentration of ownership is further highlighted by the fact that the top ten shareholders control over half of Sea's share register. Insiders collectively own 16% of the company, which translates to around $3.2 billion worth of shares. This level of insider ownership suggests confidence in Sea's long-term prospects.

Public companies have also taken an interest in Sea, holding an 18% stake. Their investment may be driven by strategic interests or potential business collaborations with Sea. Meanwhile, the general public owns a smaller portion, representing 15% of the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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