SEA (NYSE:SE) Director Sells $15,061,606.56 in Stock

Sea Limited Sponsored ADR (NYSE:SE) Director David Ma sold 168,399 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $89.44, for a total transaction of $15,061,606.56. Following the transaction, the director directly owned 303,766 shares in the company, valued at approximately $27,168,831.04. This trade represents a 35.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SEA Stock Performance

NYSE:SE opened at $86.77 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The stock has a market cap of $51.12 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.69. The firm’s fifty day simple moving average is $92.06 and its 200-day simple moving average is $122.34.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. Analysts expect that Sea Limited Sponsored ADR will post 3.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEA

A number of large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its stake in SEA by 1.9% in the 4th quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock valued at $664,000 after acquiring an additional 98 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in shares of SEA by 1.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 5,779 shares of the Internet company based in Singapore’s stock worth $1,033,000 after purchasing an additional 103 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of SEA by 114.0% during the 3rd quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in shares of SEA by 2,860.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after purchasing an additional 143 shares during the last quarter. Finally, Cloud Capital Management LLC boosted its stake in shares of SEA by 8.0% during the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after purchasing an additional 148 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SE has been the topic of a number of research reports. Barclays lowered their price objective on shares of SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price objective on shares of SEA in a research note on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of SEA from $170.00 to $168.00 and set an “overweight” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and an average price target of $161.66.

Key SEA News

Here are the key news stories impacting SEA this week:

• Positive Sentiment: JPMorgan slightly trimmed its price target from $170 to $168 but kept an “Overweight” rating, leaving a large implied upside vs. the current price — a constructive analyst view that can support buying interest. Read More.
• Positive Sentiment: Several institutional investors have been increasing positions (e.g., Fred Alger, Oversea Chinese Bank, SG Americas, Charles Lim, Tennessee Dept. of Treasury), signaling continued institutional support and offsetting some selling pressure from insiders.
• Neutral Sentiment: An Alger Mid Cap investor letter noted fund underperformance and trading activity in Q1 — comments like this can prompt rebalancing by active managers but don’t directly change Sea’s fundamentals. Read More.
• Negative Sentiment: Material insider selling was disclosed this week and is the clearest near-term negative: Director David Y. Ma sold large blocks (114,094 on Apr 16 and 145,072 on Apr 17 — ~259k shares total), COO Gang Ye sold 10,000 shares, and other insiders (including Jingye Chen and Yanjun Wang) sold multiple tranches at ~ $90–$92. The size/timing of these sales can create selling pressure and raise short-term confidence concerns. Read More.

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.