SEA (NYSE:SE) CFO Tianyu Hou Sells 10,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $90.77, for a total value of $907,700.00. Following the sale, the chief financial officer directly owned 20,000 shares of the company’s stock, valued at $1,815,400. The trade was a 33.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SEA Stock Up 3.0%

SE stock opened at $91.74 on Wednesday. The stock has a market cap of $56.06 billion, a P/E ratio of 36.12, a P/E/G ratio of 0.93 and a beta of 1.57. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $88.23 and its two-hundred day simple moving average is $102.10. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30.

SEA (NYSE:SE) last announced its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Analysts expect that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Institutional Investors Weigh In On SEA

Several institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT grew its position in shares of SEA by 539.6% in the fourth 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. Holos Integrated Wealth LLC bought a new position in SEA in the 4th quarter worth about $44,000. Cornerstone Planning Group LLC boosted its stake in SEA by 26.5% in 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 during the period. Hillsdale Investment Management Inc. grew its holdings in SEA by 44.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after buying an additional 200 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SE. Barclays upped their price objective on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Bank of America restated a “buy” rating and issued a $125.00 target price on shares of SEA in a research note on Monday, March 9th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Finally, Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, SEA has an average rating of “Moderate Buy” and a consensus price target of $155.54.

About SEA

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.