Insider Selling: SEA (NYSE:SE) President Sells $495,772.20 in Stock

Sea Limited Sponsored ADR (NYSE:SE) President Zhimin Feng sold 4,116 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $120.45, for a total value of $495,772.20. Following the completion of the sale, the president owned 208,291 shares of the company’s stock, valued at $25,088,650.95. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, August 26th, Zhimin Feng sold 3,872 shares of SEA stock. The stock was sold at an average price of $120.83, for a total value of $467,853.76.
• On Tuesday, August 25th, Zhimin Feng sold 15,000 shares of SEA stock. The stock was sold at an average price of $122.29, for a total transaction of $1,834,350.00.
• On Wednesday, August 19th, Zhimin Feng sold 298 shares of SEA stock. The shares were 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 stock was 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 transaction of $1,860,000.00.
• On Tuesday, August 11th, Zhimin Feng sold 15,000 shares of SEA stock. The shares were sold at an average price of $130.07, for a total transaction of $1,951,050.00.

SEA Price Performance

Shares of NYSE:SE opened at $112.74 on Thursday. 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 fifty-two week low of $77.05 and a fifty-two week high of $199.30. The firm has a 50-day simple moving average of $110.22 and a 200 day simple moving average of $97.00. The company has a market cap of $68.89 billion, a PE ratio of 43.53, a P/E/G ratio of 1.13 and a beta of 1.51.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share 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 business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company earned $0.65 EPS. SEA’s revenue was up 48.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Benchmark upped their price objective on SEA from $140.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a report on Monday, July 20th. TD Cowen restated a “hold” rating on shares of SEA in a research report on Monday, August 17th. Finally, Barclays increased their price objective on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.11.

Institutional Trading of SEA

Several hedge funds have recently added to or reduced their stakes in the business. Capstone Capital Management Ltd acquired a new position in shares of SEA during the first quarter valued at $1,612,000. Ramirez Asset Management Inc. acquired a new stake in SEA in the fourth quarter worth about $3,560,000. Equitable Trust Co. lifted its holdings in SEA by 30.9% in the first quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore’s stock worth $15,532,000 after purchasing an additional 44,252 shares during the period. Charles Lim Capital Ltd grew its position in SEA by 172.7% in 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 buying an additional 475,000 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in SEA by 18.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 167,648 shares of the Internet company based in Singapore’s stock valued at $16,066,000 after buying an additional 26,498 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

SEA Company Profile

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.