SEA (NYSE:SE) Insider Feng Zhao Sells 30,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) insider Feng Zhao sold 30,000 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the completion of the sale, the insider owned 63,580 shares of the company’s stock, valued at approximately $5,100,387.60. This represents a 32.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, October 1st, Feng Zhao sold 40,000 shares of SEA stock. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00.
• On Friday, August 28th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $120.07, for a total transaction of $240,140.00.
• On Tuesday, August 25th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $120.03, for a total value of $240,060.00.
• On Wednesday, August 19th, Feng Zhao sold 420 shares of SEA stock. The shares were sold at an average price of $120.02, for a total transaction of $50,408.40.
• On Monday, August 17th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $120.16, for a total transaction of $240,320.00.
• On Thursday, August 13th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $124.04, for a total value of $248,080.00.
• On Tuesday, August 11th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $128.26, for a total value of $256,520.00.

SEA Stock Performance

Shares of NYSE SE opened at $75.43 on Friday. Sea Limited Sponsored ADR has a one year low of $71.53 and a one year high of $159.09. The company has a market capitalization of $46.09 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 0.78 and a beta of 1.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48. The business’s 50-day moving average price is $94.84 and its two-hundred day moving average price is $97.82.

SEA (NYSE:SE) last issued its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 48.3% compared to the same quarter last year. Analysts anticipate that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Royal Bank Of Canada raised SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. TD Cowen restated a “hold” rating and set a $115.00 target price (up from $100.00) on shares of SEA in a report on Monday, August 17th. Finally, Wall Street Zen downgraded SEA from a “buy” rating to a “hold” rating in a report on Sunday, November 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.73.

Hedge Funds Weigh In On SEA

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank Pictet & Cie Europe AG increased its holdings in shares of SEA by 21.5% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 116,811 shares of the Internet company based in Singapore’s stock valued at $11,406,000 after acquiring an additional 20,680 shares during the period. Capstone Capital Management Ltd acquired a new position in shares of SEA during the first quarter worth approximately $1,612,000. Whetstone Capital Advisors LLC bought a new stake in SEA during the 2nd quarter worth about $8,191,000. Banque Pictet & Cie SA lifted its position in SEA by 6.6% during the 3rd quarter. Banque Pictet & Cie SA now owns 283,921 shares of the Internet company based in Singapore’s stock worth $27,644,000 after buying an additional 17,657 shares in the last quarter. Finally, Corient Private Wealth LP lifted its position in SEA by 61.4% during the second quarter. Corient Private Wealth LP now owns 26,534 shares of the Internet company based in Singapore’s stock worth $2,543,000 after purchasing an additional 10,099 shares during the period. 59.53% of the stock is currently owned by institutional investors and hedge funds.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.