Insider Selling: SEA (NYSE:SE) CFO Sells $907,700.00 in Stock

Sea Limited Sponsored ADR (NYSE:SEGet Free Report) CFO Tianyu Hou sold 10,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $90.77, for a total value of $907,700.00. Following the completion of the sale, the chief financial officer owned 20,000 shares of the company’s stock, valued at approximately $1,815,400. This trade represents a 33.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SEA Trading Down 4.0%

Shares of SE stock opened at $89.07 on Friday. The stock has a 50-day simple moving average of $88.42 and a 200 day simple moving average of $101.48. The stock has a market capitalization of $54.42 billion, a P/E ratio of 35.07, a P/E/G ratio of 0.97 and a beta of 1.57. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05.

SEA (NYSE:SEGet Free Report) last issued its quarterly 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 return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm posted $0.65 earnings per share. SEA’s revenue was up 46.6% compared to the same quarter last year. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on SE shares. Bank of America reissued a “buy” rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. TD Cowen increased their price objective on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. Morgan Stanley set a $121.00 price objective on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Finally, Barclays lifted their target price on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.54.

View Our Latest Analysis on SE

Institutional Investors Weigh In On SEA

Several hedge funds have recently made changes to their positions in SE. Fred Alger Management LLC boosted its stake in SEA by 22.1% in the 3rd 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 purchasing an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd raised its stake in SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares during the period. SG Americas Securities LLC raised its stake in 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 valued at $135,999,000 after purchasing an additional 88,431 shares during the period. Charles Lim Capital Ltd lifted its holdings in shares of SEA by 172.7% in the fourth 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 purchasing an additional 475,000 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after purchasing an additional 175,746 shares in the last quarter. Hedge funds and other institutional investors own 59.53% of the company’s stock.

About SEA

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for SEA (NYSE:SE)

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