Insider Selling: SEA (NYSE:SE) COO Sells $872,100.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $87.21, for a total transaction of $872,100.00. Following the sale, the chief operating officer directly owned 150,000 shares in the company, valued at approximately $13,081,500. The trade was a 6.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 8th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.33, for a total transaction of $843,300.00.
• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $90.47, for a total transaction of $904,700.00.
• On Monday, June 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $96.16, for a total transaction of $961,600.00.
• On Thursday, May 28th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.02, for a total transaction of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.47, for a total transaction of $894,700.00.
• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.85, for a total transaction of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.35, for a total transaction of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.11, for a total transaction of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.60, for a total transaction of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $94.61, for a total transaction of $946,100.00.

SEA Stock Performance

Shares of SEA stock opened at $82.47 on Thursday. The firm’s fifty day simple moving average is $87.29 and its 200-day simple moving average is $105.08. The stock has a market capitalization of $50.39 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 0.89 and a beta of 1.57. 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 posted its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The firm had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 earnings per share. As a group, equities analysts forecast that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden raised its stake in SEA by 7.0% in the 3rd quarter. Andra AP fonden now owns 144,300 shares of the Internet company based in Singapore’s stock valued at $25,791,000 after purchasing an additional 9,400 shares during the last quarter. Fred Alger Management LLC raised its stake in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after purchasing an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after purchasing an additional 350,840 shares during the last quarter. Rathbones Group PLC raised its stake in SEA by 78.6% in the 4th quarter. Rathbones Group PLC now owns 22,015 shares of the Internet company based in Singapore’s stock valued at $2,808,000 after purchasing an additional 9,688 shares during the last quarter. Finally, Ramirez Asset Management Inc. acquired a new position in SEA in the 4th quarter valued at about $3,560,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SE. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Finally, TD Cowen boosted their price objective on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. One investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.54.

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.