Insider Selling: SEA (NYSE:SE) CFO Sells $890,300.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 10,000 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $89.03, for a total value of $890,300.00. Following the transaction, the chief financial officer owned 35,000 shares in the company, valued at approximately $3,116,050. This trade represents a 22.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, September 17th, Tianyu Hou sold 15,000 shares of SEA stock. The stock was sold at an average price of $101.62, for a total value of $1,524,300.00.
• 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 shares were sold at an average price of $128.28, for a total value of $641,400.00.

SEA Trading Down 1.6%

Shares of SE stock opened at $74.47 on Friday. Sea Limited Sponsored ADR has a twelve month low of $74.12 and a twelve month high of $164.03. The company has a quick ratio of 1.48, a current ratio of 1.49 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $45.50 billion, a P/E ratio of 28.75, a P/E/G ratio of 0.77 and a beta of 1.54. The stock’s fifty day simple moving average is $103.26 and its 200 day simple moving average is $98.41.

SEA (NYSE:SE) last released its quarterly earnings data 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 company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $0.65 EPS. SEA’s revenue for the quarter was up 48.3% compared to the same quarter last year. As a group, sell-side analysts predict that Sea Limited Sponsored ADR will post 2.91 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Several institutional investors have recently bought and sold shares of the business. Carrhae Capital LLP purchased a new position in SEA during the 2nd quarter worth $140,501,000. Public Employees Retirement System of Ohio acquired a new stake in shares of SEA during the second quarter worth $37,527,000. Assenagon Asset Management S.A. raised its position in SEA by 80.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 563,692 shares of the Internet company based in Singapore’s stock worth $54,881,000 after buying an additional 251,517 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of SEA during the second quarter worth about $12,410,000. Finally, Ninety One North America Inc. acquired a new position in SEA during the third quarter worth $9,734,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SE has been the subject of a number of research reports. Benchmark increased their target price on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Arete Research set a $152.00 target price on shares of SEA and gave the stock a “buy” rating in a report on Monday, September 7th. TD Cowen reaffirmed a “hold” rating on shares of SEA in a research report on Monday, August 17th. Barclays lifted their target price on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded SEA from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.40.

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.