SEA (NYSE:SE) President Sells $467,853.76 in Stock

Key Points

• SEA President Zhimin Feng sold 3,872 shares for approximately $467,854, reducing his direct ownership by 1.79% to 212,407 shares. The sale follows several other insider sales in August totaling millions of dollars.
• SEA reported quarterly revenue of $7.79 billion, up 48.3% year over year and above estimates, but earnings per share of $0.70 missed the $0.86 consensus forecast.
• Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $151.90, compared with a recent price of $119.19.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) President Zhimin Feng sold 3,872 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $120.83, for a total value of $467,853.76. Following the sale, the president directly owned 212,407 shares in the company, valued at approximately $25,665,137.81. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, August 25th, Zhimin Feng sold 15,000 shares of SEA stock. The shares were sold at an average price of $122.29, for a total value of $1,834,350.00.
• On Wednesday, August 19th, Zhimin Feng sold 298 shares of SEA stock. The stock was sold at an average price of $120.00, for a total transaction of $35,760.00.
• On Monday, August 17th, Zhimin Feng sold 8,423 shares of SEA stock. The stock was sold at an average price of $120.29, for a total transaction of $1,013,202.67.
• On Thursday, August 13th, Zhimin Feng sold 15,000 shares of SEA stock. The shares were sold at an average price of $124.00, for a total transaction of $1,860,000.00.
• On Tuesday, August 11th, Zhimin Feng sold 15,000 shares of SEA stock. The shares were sold at an average price of $130.07, for a total transaction of $1,951,050.00.

SEA Stock Performance

Shares of SEA stock opened at $119.19 on Thursday. The company has a 50 day moving average of $107.81 and a 200-day moving average of $96.85. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07. The company has a market cap of $72.83 billion, a PE 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 posted 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). SEA had a return on equity of 13.54% and a net margin of 5.98%.The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business's revenue was up 48.3% on a year-over-year basis. As a group, equities research analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT lifted its position in shares of SEA by 539.6% during the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore's stock valued at $39,000 after acquiring an additional 259 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore's stock worth $70,000 after purchasing an additional 174 shares in the last quarter. Independence Bank of Kentucky grew its stake in shares of SEA by 611.1% in the 2nd quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock valued at $123,000 after buying an additional 1,100 shares during the period. Cullen Frost Bankers Inc. raised its stake in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock worth $144,000 after buying an additional 573 shares during the period. Finally, Osbon Capital Management LLC bought a new position in SEA in the fourth quarter worth approximately $175,000. 59.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SE. Morgan Stanley reiterated an "overweight" rating and issued a $153.00 price target on shares of SEA in a research note on Thursday, August 13th. Benchmark raised their price objective on SEA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded SEA from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a "buy" rating on shares of SEA in a research note on Tuesday, May 12th. Finally, Zacks Research cut shares of SEA from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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