Tianyu Hou Sells 5,000 Shares of SEA (NYSE:SE) Stock

Sea Limited Sponsored ADR (NYSE:SE) CFO Tianyu Hou sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $100.09, for a total value of $500,450.00. Following the completion of the sale, the chief financial officer directly owned 15,000 shares in the company, valued at approximately $1,501,350. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, June 18th, Tianyu Hou sold 10,000 shares of SEA stock. The shares were sold at an average price of $90.77, for a total transaction of $907,700.00.

SEA Stock Performance

Shares of NYSE:SE opened at $104.38 on Wednesday. The business has a 50-day moving average of $90.30 and a two-hundred day moving average of $100.07. The firm has a market capitalization of $63.78 billion, a PE ratio of 41.10, a P/E/G ratio of 1.01 and a beta of 1.55. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The company had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. As a group, research analysts forecast that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on SE. Morgan Stanley set a $121.00 price objective on SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. JPMorgan Chase & Co. reduced their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Barclays boosted their price objective on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, TD Cowen increased their price objective on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Institutional Investors Weigh In On SEA

A number of hedge funds have recently added to or reduced their stakes in SE. Fred Alger Management LLC boosted its stake in SEA by 22.1% during the third quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock worth $515,894,000 after buying an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd lifted its holdings in shares of SEA by 172.7% during the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after acquiring an additional 475,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of SEA by 24.4% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock worth $228,549,000 after acquiring an additional 350,840 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of SEA during the 4th quarter valued at about $26,282,000. Finally, State of Tennessee Department of Treasury increased its stake in SEA by 32.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after acquiring an additional 175,746 shares during the period. 59.53% of the stock is currently owned by institutional investors.

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.