SEA (NYSE:SE) Insider Sells $2,406,600.00 in Stock

Key Points

• Insider Feng Zhao sold 30,000 SEA shares at an average price of $80.22, worth $2.41 million, reducing his position by 32.06% to 63,580 shares.
• SEA shares were down 5.7%, opening at $75.65; the stock’s 52-week range is $71.53 to $159.80.
• SEA’s latest quarterly results showed revenue up 48.3% year over year and above estimates, but EPS of $0.70 missed the $0.86 consensus. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $137.73.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Feng Zhao sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $80.22, for a total value of $2,406,600.00. Following the completion of the sale, the insider owned 63,580 shares in the company, valued at approximately $5,100,387.60. This represents a 32.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, October 1st, Feng Zhao sold 40,000 shares of SEA stock. The shares were sold at an average price of $95.02, for a total value of $3,800,800.00.
• On Friday, August 28th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.07, for a total value of $240,140.00.
• On Tuesday, August 25th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.03, for a total value of $240,060.00.
• 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 stock was sold at an average price of $120.16, for a total value of $240,320.00.
• On Thursday, August 13th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $124.04, for a total value 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 value of $256,520.00.

SEA Trading Down 5.7%

Shares of SE stock opened at $75.65 on Friday. The stock has a market cap of $46.23 billion, a P/E ratio of 29.21, a P/E/G ratio of 0.83 and a beta of 1.58. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. Sea Limited Sponsored ADR has a fifty-two week low of $71.53 and a fifty-two week high of $159.80. The business has a fifty day simple moving average of $95.71 and a 200-day simple moving average of $98.05.

SEA (NYSE:SE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%. SEA's quarterly revenue was up 48.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, analysts forecast that Sea Limited Sponsored ADR will post 2.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Carrhae Capital LLP acquired a new position in SEA during the second quarter worth approximately $140,501,000. Public Employees Retirement System of Ohio acquired a new position in shares of SEA in the 2nd quarter valued at $37,527,000. Assenagon Asset Management S.A. boosted its holdings in shares of SEA by 80.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore's stock valued at $54,881,000 after purchasing an additional 251,517 shares during the last quarter. Matthews International Capital Management LLC purchased a new stake in shares of SEA during the 3rd quarter valued at $13,752,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of SEA during the 2nd quarter valued at $12,410,000. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of SEA from $173.00 to $149.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 28th. Morgan Stanley restated an "overweight" rating and set a $153.00 price objective on shares of SEA in a research report on Thursday, August 13th. New Street Research lowered SEA from a "buy" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research note on Monday, October 26th. Zacks Research upgraded SEA from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. Finally, Barclays raised their price target on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $137.73.

SEA Company Profile

Sea Limited is a Singapore-based global technology company founded in 2009. Formerly known as Garena, the company operates digital businesses serving consumers and merchants primarily in Southeast Asia, Taiwan and selected markets in Latin America and other regions.

Through Shopee, Sea's e-commerce platform, the company provides online marketplaces that connect buyers and sellers and offer supporting services such as payments, logistics and merchant tools. Garena, its digital entertainment business, develops and publishes online games and distributes third-party titles, while also operating digital entertainment platforms and services.

SeaMoney is the company's digital financial services division.

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