SEA (NYSE:SE) Insider Sells 40,000 Shares of Stock

Key Points

• SEA insider Feng Zhao sold 40,000 shares at an average price of $95.02, totaling approximately $3.8 million. The transaction reduced Zhao’s holdings by 29.94%, leaving 93,580 shares.
• SEA opened at $95.14, below its 50-day moving average of $110.51 but near its 200-day average of $97.60. The company’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, though EPS of $0.70 fell short of the $0.86 consensus estimate.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $149.40; 59.53% of SEA shares are held by institutional investors.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) insider Feng Zhao sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $95.02, for a total value of $3,800,800.00. Following the transaction, the insider owned 93,580 shares of the company's stock, valued at $8,891,971.60. This trade represents a 29.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $240,140.00.
• On Tuesday, August 25th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $120.03, for a total transaction of $240,060.00.
• On Wednesday, August 19th, Feng Zhao sold 420 shares of SEA stock. The shares were sold at an average price of $120.02, for a total transaction 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 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 stock was sold at an average price of $128.26, for a total value of $256,520.00.

SEA Stock Performance

SEA stock opened at $95.14 on Monday. The stock has a 50-day simple moving average of $110.51 and a 200 day simple moving average of $97.60. The stock has a market capitalization of $58.13 billion, a price-to-earnings ratio of 36.73, a P/E/G ratio of 0.97 and a beta of 1.54. 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 12-month low of $77.05 and a 12-month high of $193.48.

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

Institutional Trading of SEA

Large investors have recently bought and sold shares of the business. Carrhae Capital LLP bought a new position in SEA in the second quarter valued at approximately $140,501,000. SG Americas Securities LLC lifted its holdings in shares of SEA by 5.7% in the first quarter. SG Americas Securities LLC now owns 1,642,304 shares of the Internet company based in Singapore's stock valued at $135,999,000 after purchasing an additional 88,431 shares in the last quarter. Charles Lim Capital Ltd boosted its position in shares of SEA by 172.7% during the fourth 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. Baird Financial Group Inc. grew its holdings in shares of SEA by 6.2% during the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore's stock worth $84,245,000 after buying an additional 50,965 shares in the last quarter. Finally, Carmignac Gestion grew its holdings in shares of SEA by 2.2% during the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore's stock worth $62,349,000 after buying an additional 14,242 shares in the last quarter. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SE shares. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a report on Tuesday, September 8th. TD Cowen reiterated a "hold" rating on shares of SEA in a research report on Monday, August 17th. Arete Research set a $152.00 price objective on shares of SEA and gave the stock a "buy" rating in a research note on Monday, September 7th. Barclays upped their target price 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. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of SEA in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $149.40.

About SEA

Sea Limited is a Singapore-based technology company that operates digital consumer businesses across Southeast Asia, Taiwan and selected markets in Latin America and other regions. Founded in 2009, the company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in 2017 before completing its initial public offering on the New York Stock Exchange that year.

Sea's principal businesses include Garena, a digital entertainment platform that publishes and develops online games and provides related digital content and services.

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