Insider Selling: SEA (NYSE:SE) CEO Sells $7,054,333.20 in Stock

Sea Limited Sponsored ADR (NYSE:SE) CEO Xiaodong Li sold 57,690 shares of SEA stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $122.28, for a total value of $7,054,333.20. Following the completion of the transaction, the chief executive officer owned 1,232,992 shares of the company’s stock, valued at $150,770,261.76. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Xiaodong Li also recently made the following trade(s):

• On Thursday, August 13th, Xiaodong Li sold 19,230 shares of SEA stock. The shares were sold at an average price of $123.96, for a total value of $2,383,750.80.
• On Tuesday, August 11th, Xiaodong Li sold 1,057,650 shares of SEA stock. The stock was sold at an average price of $129.80, for a total transaction of $137,282,970.00.

SEA Trading Down 3.2%

NYSE SE opened at $119.19 on Thursday. The firm has a market capitalization 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 Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The company has a 50-day simple moving average of $107.81 and a 200-day simple moving average of $96.85. 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 (NYSE:SE) last announced 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 company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. SEA had a return on equity of 13.54% and a net margin of 5.98%.The company’s revenue for the quarter was up 48.3% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. On average, equities analysts forecast that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT raised its holdings 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 purchasing an additional 259 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after purchasing an additional 540 shares during the period. Cullen Frost Bankers Inc. raised its holdings 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 acquiring an additional 573 shares in the last quarter. Independence Bank of Kentucky raised its stake 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 valued at $123,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new position in SEA during the fourth quarter worth about $175,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analysts Set New Price Targets

SE has been the subject of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $153.00 price target on shares of SEA in a research report on Thursday, August 13th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Benchmark lifted their target price on shares of SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. TD Cowen restated a “hold” rating on shares of SEA in a report on Monday, August 17th. Finally, Zacks Research downgraded shares of SEA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.