SEA (NYSE:SE) President Sells $1,834,350.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) President Zhimin Feng sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $122.29, for a total transaction of $1,834,350.00. Following the completion of the sale, the president directly owned 216,279 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through 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 stock was 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 shares were sold at an average price of $120.00, for a total value 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 value 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%

SE opened at $119.19 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a fifty day moving average of $107.81 and a two-hundred day moving average of $96.85. The stock has a market capitalization of $72.83 billion, a price-to-earnings ratio of 46.02, a PEG ratio of 1.23 and a beta of 1.54.

SEA (NYSE:SE) last released its quarterly 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). The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA’s revenue was up 48.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, research analysts expect that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of SEA from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. TD Cowen reissued a “hold” rating on shares of SEA in a research note on Monday, August 17th. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $151.90.

Institutional Trading of SEA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Zions Bancorporation National Association UT raised its position in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 259 shares during the period. Cornerstone Planning Group LLC increased its stake in SEA by 26.5% during the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Independence Bank of Kentucky raised its position in SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore’s stock valued at $123,000 after purchasing an additional 1,100 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after purchasing an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new stake in shares of SEA during the 4th quarter worth about $175,000. Institutional investors and hedge funds 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.