Xiaodong Li Sells 5,164 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) CEO Xiaodong Li sold 5,164 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $120.43, for a total transaction of $621,900.52. Following the completion of the transaction, the chief executive officer owned 1,227,828 shares in the company, valued at approximately $147,867,326.04. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Xiaodong Li also recently made the following trade(s):

• On Tuesday, August 25th, Xiaodong Li sold 57,690 shares of SEA stock. The shares were sold at an average price of $122.28, for a total transaction of $7,054,333.20.
• On Thursday, August 13th, Xiaodong Li sold 19,230 shares of SEA stock. The stock was sold at an average price of $123.96, for a total transaction of $2,383,750.80.
• On Tuesday, August 11th, Xiaodong Li sold 1,057,650 shares of SEA stock. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00.

SEA Price Performance

Shares of NYSE:SE opened at $112.74 on Thursday. The company’s fifty day moving average price is $110.22 and its 200-day moving average price is $97.00. 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 firm has a market capitalization of $68.89 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30.

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

Institutional Trading of SEA

Several institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP bought a new position in SEA during the 1st quarter worth approximately $4,028,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in SEA by 248.7% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after purchasing an additional 27,953 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after purchasing an additional 1,084 shares during the period. State of Tennessee Department of Treasury boosted its stake in shares of SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after purchasing an additional 27,964 shares during the period. Finally, Morse Asset Management Inc grew its holdings in shares of SEA by 21.1% in the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock worth $1,946,000 after purchasing an additional 2,121 shares during the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SE has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Zacks Research lowered SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SEA currently has a consensus rating of “Moderate Buy” and an average target price of $149.11.

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.