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

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

SEA Price Performance

Shares of NYSE:SE opened at $92.69 on Thursday. The firm has a market capitalization of $56.64 billion, a PE ratio of 36.49, a PEG ratio of 0.96 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. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The business’s 50 day moving average is $88.35 and its 200-day moving average is $101.79.

SEA (NYSE:SE) last issued its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. Sell-side analysts predict that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Sanford C. Bernstein lowered their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 4th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Barclays increased their price target on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, TD Cowen lifted their price objective on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.54.

Institutional Investors Weigh In On SEA

Several large investors have recently made changes to their positions in SE. Woodline Partners LP acquired a new position in SEA in the first quarter valued at about $4,028,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after buying an additional 27,953 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock worth $4,348,000 after buying an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in shares of SEA by 5.4% in the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after acquiring an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc raised its stake in shares of SEA by 21.1% in the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after acquiring an additional 2,121 shares during the last quarter. Institutional investors own 59.53% of the company’s stock.

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.