SEA (NYSE:SE) Director David Ma Sells 72,435 Shares

Sea Limited Sponsored ADR (NYSE:SE) Director David Ma sold 72,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $85.38, for a total transaction of $6,184,500.30. Following the completion of the transaction, the director owned 1,453,392 shares of the company’s stock, valued at $124,090,608.96. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

SEA Price Performance

Shares of NYSE:SE opened at $81.03 on Friday. The company has a 50 day moving average of $108.79 and a 200 day moving average of $139.86. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The stock has a market cap of $47.73 billion, a P/E ratio of 32.15, a P/E/G ratio of 0.78 and a beta of 1.59. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE) last posted its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The firm had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SE. Lingohr Asset Management GmbH raised its holdings in shares of SEA by 219.4% during the 3rd quarter. Lingohr Asset Management GmbH now owns 12,700 shares of the Internet company based in Singapore’s stock valued at $2,270,000 after buying an additional 8,724 shares in the last quarter. Andra AP fonden raised its position in SEA by 7.0% in the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock worth $25,791,000 after purchasing an additional 9,400 shares during the period. Baird Financial Group Inc. lifted its stake in SEA by 14.4% in the second quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock worth $88,924,000 after purchasing an additional 70,070 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in SEA by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 168,962 shares of the Internet company based in Singapore’s stock worth $27,024,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Fred Alger Management LLC boosted its position in SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after buying an additional 521,782 shares during the period. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SE shares. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of SEA in a research note on Tuesday, March 3rd. Bank of America restated a “buy” rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Morgan Stanley set a $121.00 price target on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $166.83.

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.