Insider Selling: SEA (NYSE:SE) CFO Sells $500,450.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $100.09, for a total transaction of $500,450.00. Following the completion of the sale, the chief financial officer directly owned 15,000 shares in the company, valued at $1,501,350. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 18th, Tianyu Hou sold 10,000 shares of SEA stock. The stock was sold at an average price of $90.77, for a total value of $907,700.00.

SEA Price Performance

Shares of SEA stock opened at $105.81 on Thursday. The firm has a market capitalization of $64.65 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 1.00 and a beta of 1.55. 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 12 month low of $77.05 and a 12 month high of $199.30. The business’s 50-day moving average price is $90.71 and its 200-day moving average price is $99.96.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Institutional Trading of SEA

Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT raised its holdings in SEA by 539.6% in 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 position in shares of SEA during the fourth quarter valued at about $44,000. Cornerstone Planning Group LLC raised its stake in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in SEA by 102.5% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after buying an additional 573 shares during the period. Finally, Osbon Capital Management LLC bought a new stake in SEA during the 4th quarter valued at approximately $175,000. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SE. Barclays increased their target price on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. 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 shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. One investment 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.54.

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.