Insider Selling: SEA (NYSE:SE) CFO Sells $1,524,300.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $101.62, for a total transaction of $1,524,300.00. Following the transaction, the chief financial officer directly owned 5,000 shares of the company’s stock, valued at $508,100. The trade was a 75.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, August 17th, Tianyu Hou sold 20,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total transaction of $2,399,200.00.
• On Tuesday, August 11th, Tianyu Hou sold 5,000 shares of SEA stock. The shares were sold at an average price of $128.28, for a total transaction of $641,400.00.
• On Wednesday, July 1st, Tianyu Hou sold 5,000 shares of SEA stock. The shares were sold at an average price of $100.09, for a total transaction of $500,450.00.

SEA Trading Down 0.3%

Shares of SEA stock opened at $103.37 on Thursday. Sea Limited Sponsored ADR has a twelve month low of $77.05 and a twelve month high of $193.48. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $111.35 and a 200-day moving average price of $97.12. The firm has a market cap of $63.16 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 1.04 and a beta of 1.51.

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

Institutional Investors Weigh In On SEA

Hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its holdings in shares of SEA by 15.7% in the 2nd quarter. QRG Capital Management Inc. now owns 24,423 shares of the Internet company based in Singapore’s stock worth $2,340,000 after acquiring an additional 3,313 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in SEA by 14.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 9,579 shares of the Internet company based in Singapore’s stock worth $918,000 after purchasing an additional 1,182 shares during the period. MCF Advisors LLC raised its position in SEA by 129.6% in the 2nd quarter. MCF Advisors LLC now owns 5,168 shares of the Internet company based in Singapore’s stock worth $495,000 after purchasing an additional 2,917 shares during the period. Whetstone Capital Advisors LLC bought a new stake in SEA in the second quarter worth about $8,191,000. Finally, National Pension Service lifted its stake in SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock worth $58,019,000 after purchasing an additional 54,819 shares during the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SE. Barclays raised their target price on shares of SEA from $122.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Arete Research set a $152.00 price target on shares of SEA and gave the company a “buy” rating in a research note on Monday, September 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. Finally, Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.40.

SEA Company Profile

Sea Limited (NYSE: SE) is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea’s digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.