Insider Selling: SEA (NYSE:SE) CEO Sells 57,690 Shares

Key Points

• Sea CEO Xiaodong Li sold 57,690 shares at an average price of $122.28, generating approximately $7.05 million. The transaction reduced his ownership by 4.47%, though he still held 1.23 million shares valued at about $150.8 million.
• Li also sold 1.06 million shares on August 11 and 19,230 shares on August 13, indicating multiple recent insider sales.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but earnings of $0.70 per share missed expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $151.90.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) CEO Xiaodong Li sold 57,690 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $122.28, for a total transaction of $7,054,333.20. Following the completion of the transaction, the chief executive officer owned 1,232,992 shares in the company, valued at approximately $150,770,261.76. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, August 13th, Xiaodong Li sold 19,230 shares of SEA stock. The shares were 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 value of $137,282,970.00.

SEA Price Performance

SE stock opened at $119.19 on Thursday. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The stock's fifty day simple moving average is $107.81 and its 200-day simple moving average is $96.85. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $72.83 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.54.

SEA (NYSE:SE - Get Free Report) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business's revenue for the quarter was up 48.3% compared to the same quarter last year. Equities research analysts expect that Sea Limited Sponsored ADR will post 2.91 EPS for the current year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several research analysts have recently weighed in on SE shares. TD Cowen reiterated a "hold" rating on shares of SEA in a report on Monday, August 17th. Zacks Research lowered shares of SEA from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research note on Monday, July 20th. Jefferies Financial Group reissued a "buy" rating on shares of SEA in a research report on Tuesday, May 12th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $153.00 price objective on shares of SEA in a research note on Thursday, August 13th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $151.90.

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.

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