Insider Selling: SEA (NYSE:SE) Director Sells 176,719 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) Director David Ma sold 176,719 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $87.56, for a total value of $15,473,515.64. Following the sale, the director owned 895,364 shares in the company, valued at approximately $78,398,071.84. The trade was a 16.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SEA Trading Up 5.6%

NYSE SE opened at $90.40 on Thursday. The stock has a market capitalization of $53.26 billion, a P/E ratio of 35.87, a P/E/G ratio of 0.79 and a beta of 1.69. The business has a 50 day simple moving average of $93.70 and a 200 day simple moving average of $125.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.28). The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. SEA’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Institutional Trading of SEA

Several hedge funds have recently bought and sold shares of the business. Lingohr Asset Management GmbH lifted its stake in shares of SEA by 219.4% in the third quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore’s stock valued at $2,270,000 after buying an additional 8,724 shares in the last quarter. Andra AP fonden increased its position in shares of SEA by 7.0% during the third quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock worth $25,791,000 after acquiring an additional 9,400 shares in the last quarter. Fred Alger Management LLC increased its position in shares of SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after acquiring an additional 521,782 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of SEA by 11.5% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,440,820 shares of the Internet company based in Singapore’s stock worth $257,414,000 after acquiring an additional 148,621 shares during the last quarter. Finally, Rathbones Group PLC raised its holdings in shares of SEA by 78.6% in the 4th quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore’s stock worth $2,808,000 after acquiring an additional 9,688 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the topic of several research analyst reports. Barclays cut their target price 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. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of SEA in a report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Morgan Stanley set a $121.00 target price on SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, Bank of America reaffirmed a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.83.

Key Stories Impacting SEA

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Analyst/media upgrade and valuation argument — Seeking Alpha published a rating upgrade arguing SE’s recent price implies a bargain relative to growth (calls 22x P/E “a steal”), which can attract value and recovery buyers. Read More.
• Positive Sentiment: Momentum / media coverage — Yahoo/other write?ups highlighting a recent double?digit rebound have likely drawn short?term buying and momentum flows into SE. Read More.
• Neutral Sentiment: Analyst backdrop remains supportive — Multiple brokerages still rate SE a buy on growth potential; MarketBeat shows a consensus “Moderate Buy” and an elevated average target, which underpins longer?term investor interest.
• Neutral Sentiment: Institutional positioning — Hedge funds and institutional holders have been active (some recent buys reported), meaning moves can be amplified by block trading and rebalancing. Read More.
• Negative Sentiment: Large director selling — Director David Y. Ma sold large blocks (multiple trades totalling hundreds of thousands of shares across April), materially reducing his stake and raising headline risk that pressures sentiment. SEC filing: Read More.
• Negative Sentiment: COO and other insider sales — COO Gang Ye executed multiple 10,000?share sales and other insiders (Jingye Chen, Yanjun Wang) have repeatedly sold small tranches; the cluster of insider liquidations feeds a narrative of management monetization. SEC filing (COO): 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.