Insider Selling: SEA (NYSE:SE) CEO Sells $621,900.52 in Stock

Sea Limited Sponsored ADR (NYSE:SE) CEO Xiaodong Li sold 5,164 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $120.43, for a total transaction of $621,900.52. Following the completion of the sale, the chief executive officer directly owned 1,227,828 shares of the company’s stock, valued at $147,867,326.04. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Xiaodong Li also recently made the following trade(s):

• On Tuesday, August 25th, Xiaodong Li sold 57,690 shares of SEA stock. The stock was sold at an average price of $122.28, for a total transaction of $7,054,333.20.
• On Thursday, August 13th, Xiaodong Li sold 19,230 shares of SEA stock. The shares were sold at an average price of $123.96, for a total transaction of $2,383,750.80.
• On Tuesday, August 11th, Xiaodong Li sold 1,057,650 shares of SEA stock. The shares were sold at an average price of $129.80, for a total transaction of $137,282,970.00.

SEA Trading Up 0.2%

Shares of NYSE:SE opened at $113.08 on Friday. 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 $69.10 billion, a PE ratio of 43.66, a P/E/G ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The firm has a fifty day moving average price of $110.70 and a 200 day moving average price of $97.05.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in shares of SEA by 9,247.9% in the second quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock worth $3,802,336,000 after acquiring an additional 39,253,472 shares during the last quarter. Charles Lim Capital Ltd boosted its holdings in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after purchasing an additional 475,000 shares during the period. Public Employees Retirement System of Ohio bought a new stake in SEA in the 2nd quarter valued at $37,527,000. PFA Pension Forsikringsaktieselskab acquired a new stake in SEA in the 4th quarter worth $26,282,000. Finally, State of Tennessee Department of Treasury grew its position in SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after purchasing an additional 175,746 shares during the last quarter. 59.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a report on Monday, August 17th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 target price on shares of SEA in a research note on Thursday, August 13th. Finally, Barclays boosted their target price on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.11.

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.