SEA (NYSE:SE) Director Sells $1,240,066.16 in Stock
by Doug Wharley · The Cerbat GemSea Limited Sponsored ADR (NYSE:SE – Get Free Report) Director David Ma sold 14,536 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $85.31, for a total transaction of $1,240,066.16. Following the completion of the sale, the director owned 1,275,387 shares in the company, valued at approximately $108,803,264.97. The trade was a 1.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
SEA Stock Performance
Shares of NYSE:SE opened at $85.45 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.57 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $50.34 billion, a price-to-earnings ratio of 33.91, a PEG ratio of 0.79 and a beta of 1.69. The firm’s 50-day moving average is $95.61 and its 200 day moving average is $128.56. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.
SEA (NYSE:SE – Get Free Report) last issued its earnings results on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The company had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.SEA’s revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Research analysts predict that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its holdings in shares of SEA by 2,860.0% during the third quarter. Salomon & Ludwin LLC now owns 148 shares of the Internet company based in Singapore’s stock worth $27,000 after purchasing an additional 143 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of SEA during the third quarter worth $29,000. Rothschild Investment LLC raised its holdings in shares of SEA by 114.0% during the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock worth $36,000 after purchasing an additional 106 shares during the last quarter. Zions Bancorporation National Association UT raised its holdings in shares of SEA by 539.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock worth $39,000 after purchasing an additional 259 shares during the last quarter. Finally, Holos Integrated Wealth LLC purchased a new position in shares of SEA during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 59.53% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Bank of America reiterated a “buy” rating and set a $125.00 price objective on shares of SEA in a research note on Monday, March 9th. Jefferies Financial Group reissued a “buy” rating and set a $150.00 target price on shares of SEA in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Barclays decreased their target price on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Sanford C. Bernstein decreased their target price on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.83.
Get Our Latest Research Report on SE
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.