SEA (NYSE:SE) President Zhimin Feng Sells 15,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) President Zhimin Feng sold 15,000 shares of SEA stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $124.00, for a total transaction of $1,860,000.00. Following the completion of the sale, the president directly owned 255,000 shares in the company, valued at approximately $31,620,000. The trade was a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, August 11th, Zhimin Feng sold 15,000 shares of SEA stock. The stock was sold at an average price of $130.07, for a total transaction of $1,951,050.00.

SEA Price Performance

Shares of NYSE:SE opened at $119.53 on Tuesday. 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 company has a market cap of $73.04 billion, a P/E ratio of 46.15, a PEG ratio of 1.10 and a beta of 1.54. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The company has a 50-day moving average price of $103.23 and a 200 day moving average price of $96.65.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. SEA had a net margin of 5.98% and a return on equity of 13.54%. SEA’s revenue for the quarter was up 48.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Research analysts predict that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cloud Capital Management LLC boosted its position in SEA by 8.0% during the fourth quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock worth $255,000 after purchasing an additional 148 shares in the last quarter. SlateStone Wealth LLC increased its position in shares of SEA by 0.5% in the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after buying an additional 150 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of SEA by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after buying an additional 170 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after buying an additional 174 shares during the last quarter. Finally, Advisory Services Network LLC boosted its position in shares of SEA by 7.1% in the 4th quarter. Advisory Services Network LLC now owns 3,609 shares of the Internet company based in Singapore’s stock worth $460,000 after buying an additional 239 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

More SEA News

Here are the key news stories impacting SEA this week:

• Negative Sentiment: CEO Xiaodong Li sold 19,230 shares for approximately $2.38 million, reducing his stake by 6.67% while retaining 269,220 shares. SEC filing
• Negative Sentiment: COO Gang Ye sold 30,000 shares for approximately $3.72 million, reducing his ownership by 7.5%; separate coverage also reported additional sales totaling roughly $7.7 million across August 11–12. SEC filing Motley Fool coverage
• Negative Sentiment: President Zhimin Feng sold 15,000 shares worth $1.86 million, cutting his position by 5.56%, while continuing to hold 255,000 shares. SEC filing
• Negative Sentiment: Additional insider sales included 2,000 shares by Feng Zhao and 1,500 shares by Yanjun Wang. The broad participation by management and insiders makes the selling activity more notable to investors. SEC filing SEC filing

Wall Street Analysts Forecast Growth

SE has been the subject of several research analyst reports. Zacks Research cut SEA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating and issued a $153.00 price target on shares of SEA in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, TD Cowen reissued a “hold” rating on shares of SEA in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.