SEA (NYSE:SE) Director David Ma Sells 163,469 Shares

Sea Limited Sponsored ADR (NYSE:SE) Director David Ma sold 163,469 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $87.02, for a total transaction of $14,225,072.38. Following the completion of the transaction, the director directly owned 1,289,923 shares of the company’s stock, valued at $112,249,099.46. The trade was a 11.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SEA Stock Up 0.2%

SE opened at $85.45 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.57. The stock has a market capitalization of $50.34 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 0.79 and a beta of 1.69. The business has a 50-day moving average of $95.61 and a two-hundred day moving average of $128.56. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE) last posted its quarterly earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.28). The business had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.42 billion. SEA had a net margin of 6.93% and a return on equity of 15.20%. The firm’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. On average, research analysts expect that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SE. Bank of America reaffirmed a “buy” rating and issued a $125.00 target price on shares of SEA in a research report on Monday, March 9th. Wedbush decreased their target price on SEA from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $150.00 target price on shares of SEA in a research note on Tuesday, March 3rd. 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 note on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SE. Salomon & Ludwin LLC boosted its stake in SEA by 2,860.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock valued at $27,000 after buying an additional 143 shares in the last quarter. Sound Income Strategies LLC acquired a new position in SEA in the third quarter worth $29,000. Rothschild Investment LLC boosted its stake in SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares in the last quarter. Finally, Holos Integrated Wealth LLC acquired a new position in SEA in the fourth quarter worth $44,000. 59.53% of the stock is owned by institutional investors.

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.