SEA (NYSE:SE) CFO Sells 10,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 10,000 shares of SEA stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $90.77, for a total transaction of $907,700.00. Following the completion of the sale, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at approximately $1,815,400. This trade represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

SEA Price Performance

Shares of NYSE SE opened at $89.05 on Tuesday. The firm has a market capitalization of $54.41 billion, a P/E ratio of 35.06, a P/E/G ratio of 0.95 and a beta of 1.57. The firm’s 50-day moving average price is $88.11 and its 200-day moving average price is $102.40. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up 46.6% on a year-over-year basis. Equities research analysts anticipate that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on SE shares. Morgan Stanley set a $121.00 price objective on SEA and gave the company an “overweight” rating in a research note on Friday, March 13th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. cut their target price on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Sanford C. Bernstein reduced their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Finally, Barclays boosted their price target on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

Hedge Funds Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in SE. Zions Bancorporation National Association UT increased its holdings in 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 worth $39,000 after purchasing an additional 259 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of SEA in the fourth quarter worth approximately $44,000. Hillsdale Investment Management Inc. lifted its holdings in shares of SEA by 44.4% in the third quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after purchasing an additional 200 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of SEA by 461.5% in the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after purchasing an additional 540 shares in the last quarter. Finally, Oarsman Capital Inc. purchased a new position in shares of SEA during the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Company Profile

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.