Tianyu Hou Sells 10,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $90.77, for a total transaction of $907,700.00. Following the sale, the chief financial officer directly owned 20,000 shares in the company, valued at approximately $1,815,400. The trade was a 33.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SEA Stock Performance

Shares of SE stock opened at $89.05 on Tuesday. The business’s 50-day moving average price is $88.11 and its 200-day moving average price is $102.40. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The firm has a market capitalization of $54.41 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 0.95 and a beta of 1.57. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SE) last posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. Equities research analysts forecast that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays lifted their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. decreased their target price on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. TD Cowen raised their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Finally, Sanford C. Bernstein reduced their price objective on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Andra AP fonden increased its holdings in SEA by 7.0% in the third quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock worth $25,791,000 after purchasing an additional 9,400 shares in the last quarter. Fred Alger Management LLC boosted its holdings in shares of SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after buying an additional 350,840 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of SEA during the 4th quarter worth approximately $3,560,000. Finally, Charles Lim Capital Ltd grew its position in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after buying an additional 475,000 shares during the period. 59.53% of the stock is owned by institutional investors and hedge funds.

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.