SEA (NYSE:SE) CFO Sells 5,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $100.09, for a total transaction of $500,450.00. Following the completion of the sale, the chief financial officer directly owned 15,000 shares of the company’s stock, valued at $1,501,350. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Tianyu Hou also recently made the following trade(s):

• On Thursday, June 18th, Tianyu Hou sold 10,000 shares of SEA stock. The shares were sold at an average price of $90.77, for a total transaction of $907,700.00.

SEA Price Performance

SEA stock opened at $102.72 on Monday. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company’s 50 day moving average price is $89.49 and its two-hundred day moving average price is $100.30. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The stock has a market cap of $62.77 billion, a P/E ratio of 40.44, a P/E/G ratio of 1.11 and a beta of 1.55.

SEA (NYSE:SE) last announced its earnings results 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 business had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, equities analysts predict that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SE. Barclays raised their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Finally, TD Cowen boosted their target price on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.

Institutional Trading of SEA

Several hedge funds have recently made changes to their positions in SE. Zions Bancorporation National Association UT lifted its position in shares of 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 valued at $39,000 after buying an additional 259 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in SEA in the 4th quarter worth about $44,000. Cornerstone Planning Group LLC increased its holdings in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake 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 acquiring an additional 573 shares during the period. Finally, Osbon Capital Management LLC purchased a new stake in SEA during the fourth quarter valued at about $175,000. 59.53% of the stock is currently owned by institutional investors.

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.