David Ma Sells 103,991 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) Director David Ma sold 103,991 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $88.10, for a total value of $9,161,607.10. Following the transaction, the director owned 199,775 shares in the company, valued at approximately $17,600,177.50. This trade represents a 34.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

SEA Price Performance

Shares of SE opened at $86.77 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. Sea Limited Sponsored ADR has a 1 year low of $77.05 and a 1 year high of $199.30. The stock has a market cap of $51.12 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.69. The stock’s 50-day moving average price is $92.06 and its two-hundred day moving average price is $122.34.

SEA (NYSE:SE) last issued its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). SEA had a return on equity of 15.20% and a net margin of 6.93%.The company had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the business posted $0.39 EPS. SEA’s quarterly revenue was up 38.4% on a year-over-year basis. On average, equities analysts predict that Sea Limited Sponsored ADR will post 3.46 earnings per share for the current year.

Institutional Investors Weigh In On SEA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Venturi Wealth Management LLC raised its position in SEA by 110.5% in the 1st quarter. Venturi Wealth Management LLC now owns 10,965 shares of the Internet company based in Singapore’s stock valued at $908,000 after buying an additional 5,757 shares during the last quarter. SG Americas Securities LLC raised its position in SEA by 5.7% in 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 buying an additional 88,431 shares during the last quarter. Osbon Capital Management LLC acquired a new stake in SEA in the 4th quarter valued at approximately $175,000. Dorsey Wright & Associates raised its position in SEA by 2.3% in the 4th quarter. Dorsey Wright & Associates now owns 13,016 shares of the Internet company based in Singapore’s stock valued at $1,660,000 after buying an additional 298 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its position in SEA by 32.4% in the 4th 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 buying an additional 175,746 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SE. Sanford C. Bernstein cut their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Barclays cut their price objective on SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Bank of America reiterated a “buy” rating and set a $125.00 price objective on shares of SEA in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. cut their price objective on SEA from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $161.66.

Key Stories Impacting SEA

Here are the key news stories impacting SEA this week:

• Positive Sentiment: JPMorgan slightly trimmed its price target from $170 to $168 but kept an “Overweight” rating, leaving a large implied upside vs. the current price — a constructive analyst view that can support buying interest. Read More.
• Positive Sentiment: Several institutional investors have been increasing positions (e.g., Fred Alger, Oversea Chinese Bank, SG Americas, Charles Lim, Tennessee Dept. of Treasury), signaling continued institutional support and offsetting some selling pressure from insiders.
• Neutral Sentiment: An Alger Mid Cap investor letter noted fund underperformance and trading activity in Q1 — comments like this can prompt rebalancing by active managers but don’t directly change Sea’s fundamentals. Read More.
• Negative Sentiment: Material insider selling was disclosed this week and is the clearest near-term negative: Director David Y. Ma sold large blocks (114,094 on Apr 16 and 145,072 on Apr 17 — ~259k shares total), COO Gang Ye sold 10,000 shares, and other insiders (including Jingye Chen and Yanjun Wang) sold multiple tranches at ~ $90–$92. The size/timing of these sales can create selling pressure and raise short-term confidence concerns. Read More.

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.