SEA (NYSE:SE) Insider Feng Zhao Sells 40,000 Shares of Company Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Feng Zhao sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total value of $3,800,800.00. Following the transaction, the insider directly owned 93,580 shares in the company, valued at approximately $8,891,971.60. This trade represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, August 28th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.07, for a total transaction of $240,140.00.
• On Tuesday, August 25th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.03, for a total value of $240,060.00.
• On Wednesday, August 19th, Feng Zhao sold 420 shares of SEA stock. The shares were sold at an average price of $120.02, for a total value of $50,408.40.
• On Monday, August 17th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.16, for a total transaction of $240,320.00.
• On Thursday, August 13th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $124.04, for a total value of $248,080.00.
• On Tuesday, August 11th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $128.26, for a total value of $256,520.00.

SEA Stock Performance

NYSE SE opened at $96.94 on Tuesday. The company has a 50-day simple moving average of $110.36 and a 200 day simple moving average of $97.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $193.48. The company has a market capitalization of $59.23 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS 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 the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The company’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. On average, research analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Hedge Funds Weigh In On SEA

A number of institutional investors have recently made changes to their positions in SE. Carrhae Capital LLP purchased a new position in SEA during the 2nd quarter valued at about $140,501,000. Charles Lim Capital Ltd grew its holdings in SEA by 172.7% in the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of SEA during the second quarter valued at approximately $37,527,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of SEA during the second quarter valued at approximately $12,410,000. Finally, Nykredit A S purchased a new position in shares of SEA during the second quarter valued at approximately $9,542,000. Institutional investors own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Benchmark boosted their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. TD Cowen reissued a “hold” rating on shares of SEA in a research note on Monday, August 17th. Morgan Stanley restated an “overweight” rating and set a $153.00 target price on shares of SEA in a research report on Thursday, August 13th. Finally, Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEA presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

SEA Company Profile

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea’s principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.