Insider Selling: SEA (NYSE:SE) Insider Sells $3,800,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Feng Zhao sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $95.02, for a total value of $3,800,800.00. Following the completion of the sale, the insider directly owned 93,580 shares of the company’s stock, valued at $8,891,971.60. This represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value of $240,140.00.
• On Tuesday, August 25th, Feng Zhao sold 2,000 shares of SEA stock. The shares were 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 transaction 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 transaction of $256,520.00.

SEA Stock Performance

Shares of SE opened at $94.53 on Thursday. 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 52-week low of $77.05 and a 52-week high of $193.48. The company has a 50-day simple moving average of $109.87 and a 200-day simple moving average of $97.85. The company has a market capitalization of $57.76 billion, a PE ratio of 36.50, a P/E/G ratio of 0.98 and a beta of 1.54.

SEA (NYSE:SE) last released its quarterly earnings data 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). SEA had a return on equity of 13.54% and a net margin of 5.98%.The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 48.3% on a year-over-year basis. Equities research analysts predict that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley reissued an “overweight” rating and set a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research note on Monday, August 17th. Weiss Ratings raised SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Barclays upped their target price on SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SEA has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

Institutional Trading of SEA

Several institutional investors and hedge funds have recently modified their holdings of SE. SG Americas Securities LLC increased its stake in shares of SEA by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares in the last quarter. Carrhae Capital LLP purchased a new stake in SEA in the 2nd quarter valued at approximately $140,501,000. Baird Financial Group Inc. lifted its stake in SEA by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock valued at $84,245,000 after buying an additional 50,965 shares in the last quarter. Charles Lim Capital Ltd grew its holdings in SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after buying an additional 475,000 shares during the last quarter. Finally, Carmignac Gestion grew its holdings in SEA by 2.2% during the 2nd quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock valued at $62,349,000 after buying an additional 14,242 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

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.