Insider Selling: SEA (NYSE:SE) Insider Sells $240,140.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Feng Zhao sold 2,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $120.07, for a total value of $240,140.00. Following the sale, the insider owned 133,580 shares of the company’s stock, valued at $16,038,950.60. The trade was a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $240,060.00.
• On Wednesday, August 19th, Feng Zhao sold 420 shares of SEA stock. The stock was sold at an average price of $120.02, for a total transaction of $50,408.40.
• On Monday, August 17th, Feng Zhao sold 2,000 shares of SEA stock. The shares were 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 transaction of $248,080.00.
• On Tuesday, August 11th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $128.26, for a total transaction of $256,520.00.

SEA Price Performance

Shares of NYSE SE opened at $112.74 on Thursday. The company has a market capitalization of $68.89 billion, a PE ratio of 43.53, a P/E/G ratio of 1.13 and a beta of 1.51. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $199.30. The firm has a fifty day simple moving average of $110.22 and a 200 day simple moving average of $97.00.

SEA (NYSE:SE) last announced its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 48.3% on a year-over-year basis. On average, sell-side analysts forecast that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Hedge Funds Weigh In On SEA

Institutional investors have recently bought and sold shares of the company. Corient Private Wealth LP increased its position in SEA by 61.4% in the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after buying an additional 10,099 shares during the last quarter. Wellington Grp LLC lifted its position in shares of SEA by 123.6% during the 2nd quarter. Wellington Grp LLC now owns 6,825 shares of the Internet company based in Singapore’s stock valued at $654,000 after buying an additional 3,773 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock valued at $3,802,336,000 after buying an additional 39,253,472 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of SEA by 25.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,253 shares of the Internet company based in Singapore’s stock worth $312,000 after acquiring an additional 652 shares during the period. Finally, HB Wealth Management LLC bought a new position in shares of SEA during the 2nd quarter worth $203,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SE. Benchmark boosted their target price on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. JPMorgan Chase & Co. cut their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of 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, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.11.

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.