SEA (NYSE:SE) President Sells $467,853.76 in Stock

Sea Limited Sponsored ADR (NYSE:SE) President Zhimin Feng sold 3,872 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $120.83, for a total transaction of $467,853.76. Following the transaction, the president directly owned 212,407 shares in the company, valued at $25,665,137.81. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zhimin Feng also recently made the following trade(s):

• On Tuesday, August 25th, Zhimin Feng sold 15,000 shares of SEA stock. The stock was sold at an average price of $122.29, for a total transaction of $1,834,350.00.
• On Wednesday, August 19th, Zhimin Feng sold 298 shares of SEA stock. The shares were sold at an average price of $120.00, for a total value of $35,760.00.
• On Monday, August 17th, Zhimin Feng sold 8,423 shares of SEA stock. The shares were sold at an average price of $120.29, for a total transaction of $1,013,202.67.
• On Thursday, August 13th, Zhimin Feng sold 15,000 shares of SEA stock. The stock was sold at an average price of $124.00, for a total transaction of $1,860,000.00.
• On Tuesday, August 11th, Zhimin Feng sold 15,000 shares of SEA stock. The shares were sold at an average price of $130.07, for a total transaction of $1,951,050.00.

SEA Trading Down 3.2%

NYSE:SE opened at $119.19 on Thursday. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The stock’s fifty day moving average price is $107.81 and its two-hundred day moving average price is $96.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The company has a market cap of $72.83 billion, a P/E ratio of 46.02, a P/E/G ratio of 1.23 and a beta of 1.54.

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

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT increased its stake in shares of SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of SEA by 461.5% in the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after purchasing an additional 540 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of 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 worth $144,000 after purchasing an additional 573 shares in the last quarter. Independence Bank of Kentucky grew its stake in shares of SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock worth $123,000 after buying an additional 1,100 shares during the last quarter. Finally, Osbon Capital Management LLC purchased a new stake in shares of SEA in the 4th quarter worth approximately $175,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SE. JPMorgan Chase & Co. dropped their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Barclays upped their price target on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Finally, Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.90.

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.