Zhimin Feng Sells 15,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) President Zhimin Feng sold 15,000 shares of SEA stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $122.29, for a total transaction of $1,834,350.00. Following the sale, the president directly owned 216,279 shares of the company’s stock, valued at approximately $26,448,758.91. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Zhimin Feng also recently made the following trade(s):

• On Wednesday, August 26th, Zhimin Feng sold 3,872 shares of SEA stock. The shares were sold at an average price of $120.83, for a total value of $467,853.76.
• On Wednesday, August 19th, Zhimin Feng sold 298 shares of SEA stock. The stock was sold at an average price of $120.00, for a total transaction of $35,760.00.
• On Monday, August 17th, Zhimin Feng sold 8,423 shares of SEA stock. The shares were sold at an average price of $120.29, for a total transaction of $1,013,202.67.
• On Thursday, August 13th, Zhimin Feng sold 15,000 shares of SEA stock. The stock was sold at an average price of $124.00, for a total value of $1,860,000.00.
• On Tuesday, August 11th, Zhimin Feng sold 15,000 shares of SEA stock. The stock was sold at an average price of $130.07, for a total value of $1,951,050.00.

SEA Stock Down 3.2%

Shares of NYSE SE opened at $119.19 on Thursday. The stock has a market cap of $72.83 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.54. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The business has a 50-day moving average price of $107.81 and a 200 day moving average price of $96.85.

SEA (NYSE:SE) last released its quarterly earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Equities research analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SE. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. JPMorgan Chase & Co. dropped their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.90.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SE. California State Teachers Retirement System lifted its position in shares of SEA by 9,247.9% during the 2nd quarter. California State Teachers Retirement System now owns 39,677,932 shares of the Internet company based in Singapore’s stock valued at $3,802,336,000 after acquiring an additional 39,253,472 shares during the period. SG Americas Securities LLC boosted its position in SEA by 5.7% during the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore’s stock worth $135,999,000 after purchasing an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd increased its holdings in SEA by 172.7% during the 4th 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 acquiring an additional 475,000 shares in the last quarter. State of Tennessee Department of Treasury raised its position in SEA by 32.4% during the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock worth $83,750,000 after acquiring an additional 175,746 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of SEA in the second quarter valued at about $37,527,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

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.