SEA (NYSE:SE) Stock: Insider Feng Zhao Sells 30,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) insider Feng Zhao sold 30,000 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $80.22, for a total transaction of $2,406,600.00. Following the completion of the transaction, the insider directly owned 63,580 shares of the company’s stock, valued at $5,100,387.60. This trade represents a 32.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Feng Zhao also recently made the following trade(s):

• On Thursday, October 1st, Feng Zhao sold 40,000 shares of SEA stock. The stock was sold at an average price of $95.02, for a total transaction of $3,800,800.00.
• On Friday, August 28th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.07, for a total transaction of $240,140.00.
• On Tuesday, August 25th, Feng Zhao sold 2,000 shares of SEA stock. The stock was sold at an average price of $120.03, for a total transaction of $240,060.00.
• On Wednesday, August 19th, Feng Zhao sold 420 shares of SEA stock. The shares were sold at an average price of $120.02, for a total value of $50,408.40.
• On Monday, August 17th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $120.16, for a total value of $240,320.00.
• On Thursday, August 13th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $124.04, for a total value of $248,080.00.
• On Tuesday, August 11th, Feng Zhao sold 2,000 shares of SEA stock. The shares were sold at an average price of $128.26, for a total value of $256,520.00.

SEA Trading Down 0.3%

Shares of SE stock opened at $75.43 on Friday. The firm has a market capitalization of $46.09 billion, a P/E ratio of 29.12, a P/E/G ratio of 0.78 and a beta of 1.58. Sea Limited Sponsored ADR has a twelve month low of $71.53 and a twelve month high of $159.09. 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 stock’s fifty day simple moving average is $94.84 and its 200 day simple moving average is $97.82.

SEA (NYSE:SE) last posted its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.16). SEA had a net margin of 5.98% and a return on equity of 13.54%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. 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 2.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Carrhae Capital LLP bought a new stake in shares of SEA during the 2nd quarter valued at about $140,501,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in SEA by 4.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,241,023 shares of the Internet company based in Singapore’s stock worth $120,826,000 after purchasing an additional 52,660 shares in the last quarter. Baird Financial Group Inc. increased its holdings in SEA by 6.2% in the second quarter. Baird Financial Group Inc. now owns 879,107 shares of the Internet company based in Singapore’s stock worth $84,245,000 after purchasing an additional 50,965 shares in the last quarter. Carmignac Gestion increased its holdings in SEA by 2.2% in the second quarter. Carmignac Gestion now owns 651,818 shares of the Internet company based in Singapore’s stock worth $62,349,000 after purchasing an additional 14,242 shares in the last quarter. Finally, National Pension Service lifted its stake in SEA by 10.0% in the second quarter. National Pension Service now owns 605,437 shares of the Internet company based in Singapore’s stock valued at $58,019,000 after buying an additional 54,819 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SE. 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. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a report on Monday, July 20th. Arete Research raised shares of SEA from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, September 7th. JPMorgan Chase & Co. decreased their price objective on SEA from $173.00 to $149.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Finally, Royal Bank Of Canada upgraded SEA from a “sector perform” rating to a “buy” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $137.73.

SEA Company Profile

Sea Limited is a Singapore-based technology company operating digital entertainment, e-commerce and digital financial services businesses. Founded in 2009 as Garena, the company adopted the name Sea Limited in 2017.

Its digital entertainment business, Garena, publishes and develops online games and also provides a platform for users to access games and connect with other players. Shopee, Sea’s e-commerce platform, serves consumers and merchants in Southeast Asia and other markets, including Taiwan and parts of Latin America.

Sea also provides digital financial services through Monee, formerly known as SeaMoney.