Tianyu Hou Sells 15,000 Shares of SEA (NYSE:SE) Stock

Key Points

• SEA CFO Tianyu Hou sold 15,000 shares at an average price of $101.62, generating $1.52 million and reducing his direct ownership by 75% to 5,000 shares.
• SEA’s latest quarter showed 48.3% year-over-year revenue growth to $7.79 billion, though earnings per share of $0.70 missed analysts’ $0.86 estimate.
• Despite the insider selling, analysts maintain a “Moderate Buy” consensus, with an average price target of $149.40 versus the stock’s recent price near $101.68.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) CFO Tianyu Hou sold 15,000 shares of the company's stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $101.62, for a total transaction of $1,524,300.00. Following the transaction, the chief financial officer directly owned 5,000 shares in the company, valued at approximately $508,100. This trade represents a 75.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tianyu Hou also recently made the following trade(s):

• On Monday, August 17th, Tianyu Hou sold 20,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total transaction of $2,399,200.00.
• On Tuesday, August 11th, Tianyu Hou sold 5,000 shares of SEA stock. The stock was sold at an average price of $128.28, for a total value of $641,400.00.
• On Wednesday, July 1st, Tianyu Hou sold 5,000 shares of SEA stock. The stock was sold at an average price of $100.09, for a total value of $500,450.00.

SEA Stock Performance

Shares of SE stock opened at $101.68 on Monday. The company's fifty day moving average price is $111.80 and its two-hundred day moving average price is $96.86. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $195.48. The firm has a market capitalization of $62.13 billion, a P/E ratio of 39.26, a P/E/G ratio of 1.02 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.49 and a quick ratio of 1.48.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SE. Royal Bank Of Canada upgraded SEA from a "sector perform" rating to a "buy" rating in a research report on Tuesday, September 8th. Sanford C. Bernstein restated an "outperform" rating on shares of SEA in a report on Monday, July 20th. Barclays increased their price target on SEA from $122.00 to $156.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Morgan Stanley reiterated an "overweight" rating and set a $153.00 price target on shares of SEA in a report on Thursday, August 13th. Finally, Arete Research set a $152.00 price objective on SEA and gave the stock a "buy" rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.40.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SE. Cornerstone Planning Group LLC increased its holdings 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 acquiring an additional 174 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in shares of SEA by 611.1% in the second quarter. Independence Bank of Kentucky now owns 1,280 shares of the Internet company based in Singapore's stock worth $123,000 after acquiring an additional 1,100 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore's stock valued at $144,000 after purchasing an additional 573 shares during the last quarter. Osbon Capital Management LLC acquired a new position in SEA in the 4th quarter worth about $175,000. Finally, HB Wealth Management LLC acquired a new stake in SEA during the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 59.53% of the company's stock.

SEA Company Profile

Sea Limited NYSE: SE is a Singapore-based global consumer internet company that develops and operates digital services across entertainment, e-commerce and financial technology. Founded in 2009 as Garena, the company adopted the Sea name in 2017 as it expanded beyond online gaming.

Garena, Sea's digital entertainment business, publishes and develops online games, including the widely distributed mobile battle royale title Free Fire. Garena also provides an online platform for game-related content and community activities.

Shopee operates an e-commerce marketplace that connects consumers, sellers and brands.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.