SEA (NYSE:SE) Insider Feng Zhao Sells 2,000 Shares of Stock

Key Points

• SEA insider Feng Zhao sold 2,000 shares on August 25 at an average price of $120.03, generating $240,060. Zhao retained 137,580 shares, and the sale reduced the insider’s ownership by 1.43%.
• SEA shares were trading down 3.2% at $119.19, while the company’s latest quarterly revenue rose 48.3% year over year to $7.79 billion. However, earnings per share of $0.70 fell short of the $0.86 analyst consensus.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $151.90, although recent opinions range from Strong Buy to Strong Sell. Institutional investors own 59.53% of SEA’s outstanding shares.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Feng Zhao sold 2,000 shares of SEA stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $120.03, for a total value of $240,060.00. Following the completion of the transaction, the insider owned 137,580 shares of the company's stock, valued at $16,513,727.40. This trade represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Feng Zhao also recently made the following trade(s):

• On Wednesday, August 19th, Feng Zhao sold 420 shares of SEA stock. The stock was sold at an average price of $120.02, for a total value of $50,408.40.
• On Monday, August 17th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $120.16, for a total transaction of $240,320.00.
• On Thursday, August 13th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $124.04, for a total transaction of $248,080.00.
• On Tuesday, August 11th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $128.26, for a total transaction of $256,520.00.

SEA Trading Down 3.2%

Shares of NYSE:SE opened at $119.19 on Thursday. 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 company's 50-day moving average price is $107.81 and its 200 day moving average price is $96.85. The company has a market cap of $72.83 billion, a PE ratio of 46.02, a P/E/G ratio of 1.23 and a beta of 1.54. 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 - Get Free Report) last posted 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). The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.SEA's revenue for the quarter was up 48.3% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Capstone Capital Management Ltd bought a new position in shares of SEA in the first quarter worth about $1,612,000. Ramirez Asset Management Inc. acquired a new stake in SEA in the 4th quarter valued at approximately $3,560,000. Equitable Trust Co. grew its holdings in SEA by 30.9% in the 1st quarter. Equitable Trust Co. now owns 187,558 shares of the Internet company based in Singapore's stock valued at $15,532,000 after buying an additional 44,252 shares during the last quarter. Charles Lim Capital Ltd increased its position in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore's stock worth $95,678,000 after buying an additional 475,000 shares during the period. Finally, Rathbones Group PLC lifted its holdings in shares of SEA by 78.6% during the fourth quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore's stock worth $2,808,000 after buying an additional 9,688 shares during the last quarter. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SE has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. Weiss Ratings raised SEA from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research note on Monday, July 20th. TD Cowen reaffirmed a "hold" rating on shares of SEA in a research note on Monday, August 17th. Finally, Zacks Research lowered shares of 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 issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $151.90.

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.

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