Insider Selling: SEA (NYSE:SE) CEO Sells $2,383,750.80 in Stock

Sea Limited Sponsored ADR (NYSE:SE) CEO Xiaodong Li sold 19,230 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $123.96, for a total transaction of $2,383,750.80. Following the completion of the sale, the chief executive officer directly owned 269,220 shares in the company, valued at $33,372,511.20. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, August 11th, Xiaodong Li sold 1,057,650 shares of SEA stock. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00.

SEA Stock Performance

NYSE:SE opened at $119.26 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. The stock has a market capitalization of $72.87 billion, a P/E ratio of 46.05, a PEG ratio of 1.05 and a beta of 1.54. The company has a 50 day moving average price of $104.59 and a 200 day moving average price of $96.56. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing the consensus estimate 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 net margin of 5.98% and a return on equity of 13.54%. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Key SEA News

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Howard Marks’ Oaktree Capital disclosed a new position in Sea worth approximately $60.9 million. The investment could reinforce confidence in Sea’s long-term growth prospects following the stock’s decline from its 52-week high. Howard Marks investment article
• Positive Sentiment: Sea’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, surpassing the $7.12 billion analyst consensus. The company’s e-commerce, digital entertainment and financial-services businesses continue to deliver substantial top-line growth.
• Positive Sentiment: Analyst sentiment remains broadly favorable. Sea has a “Moderate Buy” consensus rating and an average price target of $151.90, while Benchmark recently raised its target to $175. Sea growth model article
• Neutral Sentiment: Sea’s valuation remains demanding at roughly 45 times earnings, making the stock highly dependent on continued growth and improving profitability. Its shares are trading above both the 50-day and 200-day moving averages, indicating positive momentum but also increased sensitivity to disappointing news.
• Negative Sentiment: Quarterly EPS was $0.70, below the $0.86 consensus estimate. Although revenue beat expectations, the earnings shortfall may temper enthusiasm and raise questions about margin performance.
• Negative Sentiment: Multiple executives and directors recently sold shares. COO Gang Ye disposed of 50,000 shares for approximately $5.9 million, while the CFO, president, director Chen Seng Heng and other insiders also reduced their holdings. The breadth of the selling may concern investors about near-term valuation, even though insiders retained sizable positions. Gang Ye share sale article SEA insider selling report

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SE shares. Benchmark boosted their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. TD Cowen reissued a “hold” rating on shares of SEA in a research report on Monday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, SEA has a consensus rating of “Moderate Buy” and an average target price of $151.90.

Institutional Trading of SEA

Several hedge funds have recently modified their holdings of the stock. Zions Bancorporation National Association UT grew its stake in SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares during the period. Cullen Frost Bankers Inc. raised its position in SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after purchasing an additional 573 shares in the last quarter. Osbon Capital Management LLC acquired a new stake in SEA in the 4th quarter valued at about $175,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of SEA by 43.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock valued at $206,000 after buying an additional 751 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

About SEA

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.