SEA (NYSE:SE) Director David Ma Sells 72,435 Shares

Sea Limited Sponsored ADR (NYSE:SE) Director David Ma sold 72,435 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $85.38, for a total value of $6,184,500.30. Following the sale, the director directly owned 1,453,392 shares of the company’s stock, valued at $124,090,608.96. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SEA Price Performance

Shares of NYSE:SE opened at $81.03 on Friday. The company has a market capitalization of $47.73 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. The company’s 50-day moving average is $108.79 and its 200 day moving average is $139.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.58. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30.

SEA (NYSE:SE) last posted its quarterly earnings data 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). The company had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The business’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, equities research analysts forecast that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SE. Fred Alger Management LLC raised its holdings in SEA by 22.1% during the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after acquiring an additional 521,782 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of SEA by 24.4% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after acquiring an additional 350,840 shares during the period. Charles Lim Capital Ltd grew its position in shares of SEA by 172.7% in the fourth 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 purchasing an additional 475,000 shares in the last quarter. State of Tennessee Department of Treasury grew its position in shares of SEA by 32.4% in the fourth 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 purchasing an additional 175,746 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of SEA by 14.4% during the 2nd quarter. Baird Financial Group Inc. now owns 555,983 shares of the Internet company based in Singapore’s stock valued at $88,924,000 after purchasing an additional 70,070 shares during the period. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on SE shares. Barclays dropped their price objective on SEA from $226.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Sanford C. Bernstein decreased their target price on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research note on Monday, December 29th. Wedbush dropped their price target on SEA from $190.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Finally, Zacks Research downgraded SEA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $166.83.

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.