Insider Selling: SEA (NYSE:SE) COO Sells 20,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of SEA stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $113.62, for a total transaction of $2,272,400.00. Following the completion of the sale, the chief operating officer directly owned 520,000 shares of the company’s stock, valued at approximately $59,082,400. The trade was a 3.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gang Ye also recently made the following trade(s):

• On Monday, August 3rd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $109.65, for a total transaction of $2,193,000.00.
• On Friday, July 31st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.76, for a total transaction of $2,135,200.00.
• On Wednesday, July 29th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $108.41, for a total transaction of $2,168,200.00.
• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $105.20, for a total value of $2,104,000.00.
• On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $106.62, for a total value of $2,132,400.00.
• On Monday, July 27th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $103.69, for a total value of $2,073,800.00.
• On Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $99.91, for a total transaction of $1,998,200.00.
• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $112.62, for a total value of $2,252,400.00.
• On Friday, July 10th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $113.94, for a total value of $2,278,800.00.
• On Wednesday, July 8th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $103.00, for a total transaction of $2,060,000.00.

SEA Price Performance

Shares of NYSE SE opened at $111.01 on Friday. Sea Limited Sponsored ADR has a 1-year low of $77.05 and a 1-year high of $199.30. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $98.82 and a two-hundred day simple moving average of $96.73. The firm has a market cap of $67.83 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.54.

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

Institutional Investors Weigh In On SEA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Woodline Partners LP bought a new position in shares of SEA in the 1st quarter worth $4,028,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of SEA by 248.7% during the 2nd 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 acquiring an additional 27,953 shares during the last quarter. Captrust Financial Advisors grew its position in SEA by 4.2% in 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 acquiring an additional 1,084 shares in the last quarter. State of Tennessee Department of Treasury grew its position in 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 worth $86,880,000 after acquiring an additional 27,964 shares in the last quarter. Finally, Morse Asset Management Inc increased its stake in 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. 59.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SE has been the topic of a number of recent research reports. Barclays increased their price objective on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of SEA in a research report on Monday, July 20th. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a report on Tuesday, May 12th. TD Cowen cut their price objective on shares of SEA from $108.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.81.

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.