SEA (NYSE:SE) Director Sells $2,446,200.00 in Stock

Key Points

• Director Chen Seng Heng sold 20,000 SEA shares at an average price of $122.31, generating $2.45 million and reducing his direct holdings by 10.82% to 164,904 shares.
• Sea’s latest quarterly revenue rose 48.3% year over year to $7.79 billion, beating estimates, but EPS of $0.70 missed the $0.86 consensus forecast.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $151.90, although several executives and other insiders have recently sold shares.

Sea Limited Sponsored ADR (NYSE:SE - Get Free Report) Director Chen Seng Heng sold 20,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $122.31, for a total value of $2,446,200.00. Following the completion of the sale, the director directly owned 164,904 shares in the company, valued at $20,169,408.24. This represents a 10.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SEA Stock Performance

Shares of SEA stock opened at $119.53 on Tuesday. The business has a 50-day simple moving average of $103.23 and a 200-day simple moving average of $96.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.49. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The company has a market cap of $73.04 billion, a PE ratio of 46.15, a P/E/G ratio of 1.10 and a beta of 1.54.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm's revenue was up 48.3% compared to the same quarter last year. On average, equities research analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Key Stories Impacting SEA

Here are the key news stories impacting SEA this week:

• Positive Sentiment: Analysts maintain a broadly favorable view of Sea Limited, with a consensus “Moderate Buy” rating and an average price target of $151.90, implying substantial potential upside from recent trading levels. MarketBeat analyst data
• Positive Sentiment: Sea’s latest quarterly revenue increased 48.3% year over year to $7.79 billion, exceeding analysts’ expectations of $7.12 billion. Institutional investors also increased holdings during the second quarter, suggesting continued professional interest in the company. MarketBeat company data
• Neutral Sentiment: The company reported quarterly EPS of $0.70, below the $0.86 consensus estimate. The earnings miss was partly offset by the substantial revenue beat and strong year-over-year growth, leaving investors focused on whether profitability can keep pace with expansion.
• Negative Sentiment: CEO Xiaodong Li sold 19,230 shares for approximately $2.38 million, reducing his stake by 6.67%. COO Gang Ye sold 30,000 shares worth about $3.72 million, cutting his ownership by 7.5%. CEO sale report COO sale report
• Negative Sentiment: President Zhimin Feng sold 15,000 shares for $1.86 million, while insiders Feng Zhao and Yanjun Wang also sold shares. Wang’s latest 1,500-share sale reduced his direct ownership by 27.27%; his repeated sales since late July make the broader insider selling more notable. Insider trading report

Analyst Ratings Changes

Several research analysts have recently issued reports on SE shares. Barclays upped their price objective on SEA from $122.00 to $156.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. TD Cowen reiterated a "hold" rating on shares of SEA in a research note on Monday. Zacks Research lowered SEA from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Benchmark lifted their target price on SEA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their target price on SEA from $168.00 to $163.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.90.

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently modified their holdings of SE. Capstone Capital Management Ltd acquired a new position in shares of SEA in the first quarter valued at approximately $1,612,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 24.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore's stock worth $228,549,000 after acquiring an additional 350,840 shares during the last quarter. Ramirez Asset Management Inc. purchased a new stake in SEA in the 4th quarter worth approximately $3,560,000. Equitable Trust Co. grew its stake 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 worth $15,532,000 after acquiring an additional 44,252 shares during the period. Finally, Charles Lim Capital Ltd raised its holdings 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 valued at $95,678,000 after acquiring an additional 475,000 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company's stock.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source