Sea (ADR) (SE)
Runs connected commerce, digital finance, and gaming platforms across emerging markets.
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Operates Shopee e-commerce, Monee digital financial services, and Garena digital entertainment. The platforms share regional reach and operating infrastructure, while revenue depends on marketplace services, financial products, and a concentrated set of game franchises.
Operates three connected consumer-internet businesses: Shopee for e-commerce, Monee for digital payments, credit, banking, and insurance technology, and Garena for game development, publishing, and esports. Shopee combines marketplace services with logistics, advertising, search, and content.
Serves Southeast Asia, Taiwan, and Brazil through localized platforms and operating infrastructure. Garena extends internally developed and licensed franchises, while Shopee deepens fulfillment and merchant services and Monee expands beyond checkout into everyday finance.
Execution depends on disciplined funding across the three businesses, asset quality as credit expands, and sustained engagement in a concentrated group of game franchises. National rules on data, content, competition, and distribution can remove products or require operating changes in individual markets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 8, 2026 | RBC Capital | Upgrade | ||
| Sep 7, 2026 | Arete Research | Target | Target: $177 | Target: $152 |
| Aug 13, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $121 | Target: $153 |
| Aug 12, 2026 | Barclays | Reiterate | Rating: —Target: $122 | Target: $156 |
| May 14, 2026 | Barclays | Reiterate | Rating: —Target: $200 | Target: $122 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $9.10B · Total debt $4.13B · Total assets $32.01B · Shareholders' equity $12.91B
- Revenue
- $7.79B
- Operating income
- $626.1M
- Net income
- $440.8M
No dividends on record.
| Institutions | 63.20% | 379.41M ADS | |
|---|---|---|---|
| 838 holders · as of Jun 30, 2026 | |||
| Insiders | 29.40% | 176.51M ADS | |
| 13 holders · as of Sep 21, 2026 | |||
| Other | 7.40% | 44.44M ADS | |
| remainder | |||
600.35M ADS as of Sep 18, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Xiaodong Li1,2Insiderdirector, officer: Chairman and CEO | 17.48% | 104.62M COMPANY ordinary | filed Sep 1, 2026 |
Baillie Gifford & CoInstitution | 6.40% | 38.41M A ADS | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 5.94% | 35.64M A ADS | as of Jun 30, 2026 |
Gang Ye (“Mr. Ye”)Insider | 5.77% | 34.66M | filed Feb 10, 2022 |
WCM Investment Management, LLCInstitution | 5.64% | 33.88M A ADS | as of Jun 30, 2026 |
- Xiaodong Li's transaction reports restate only vehicles that traded; the 2026 ownership statement (104.62M) plus the 332.1K net shares acquired since is used instead.
- Xiaodong Li reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Yanjun Wang | officer: CCO and GC | −1,200 | $101.33 |
| Sep 17, 2026 | Yanjun Wang | officer: CCO and GC | −1,200 | $101.55 |
| Sep 18, 2026 | Gang Ye | director, officer: COO | −20,000 | $102.01 |
| Sep 17, 2026 | Gang Ye | director, officer: COO | −20,000 | $101.76 |
| Sep 17, 2026 | Tianyu Hou | officer: CFO | −15,000 | $101.62 |
- Alibaba Group (ADR)
Southeast Asian e-commerce and logistics rival through Lazada
- MercadoLibre
Brazil marketplace and credit rival through Mercado Libre and Mercado Pago
- Grab
Southeast Asian payments, digital banking, and lending rival
- Nu
Brazilian digital banking and consumer-credit rival
- NetEase (ADR)
Mobile and PC online-game developer-publisher rival
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sea (ADR) | $104.29 | +1.60% | $61.63B | 39.6 | 24.3 | 2.2 | +46.9% |
| Alibaba Group (ADR) | $119.45 | +3.20% | $277.46B | 26.3 | 18.2 | 1.8 | +14.7% |
| MercadoLibre | $1,823.72 | +0.18% | $92.29B | 49.5 | 42.3 | 2.6 | +50.2% |
| Grab | $3.18 | +9.11% | $11.56B | 21.0 | 20.3 | 3.1 | +21.7% |
| Nu | $14.03 | −0.25% | $68.09B | 19.0 | 14.0 | 3.5 | +66.0% |
| NetEase (ADR) | $120.05 | +2.20% | $75.00B | 15.7 | 15.1 | 4.3 | +13.9% |
| Median | 21.0 | 18.2 | 3.1 | +21.7% |