Insider Selling: SEA (NYSE:SE) COO Sells $2,017,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $100.89, for a total transaction of $2,017,800.00. Following the sale, the chief operating officer owned 540,000 shares of the company’s stock, valued at $54,480,600. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.41, for a total value of $2,088,200.00.
• On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.63, for a total value of $926,300.00.
• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.58, for a total value of $895,800.00.
• On Wednesday, June 24th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $92.80, for a total value of $928,000.00.
• On Monday, June 22nd, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $89.70, for a total value of $897,000.00.
• On Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $91.57, for a total value of $915,700.00.
• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.26, for a total value of $872,600.00.
• On Friday, June 12th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.76, for a total value of $837,600.00.
• On Wednesday, June 10th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $82.51, for a total value of $825,100.00.
• 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 value of $843,300.00.

SEA Trading Up 1.5%

Shares of SEA stock opened at $105.81 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. The firm has a 50-day moving average of $90.71 and a 200-day moving average of $99.96. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30. The stock has a market cap of $64.65 billion, a PE ratio of 41.66, a PEG ratio of 1.00 and a beta of 1.55.

SEA (NYSE:SE) last released its quarterly 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 return on equity of 14.12% and a net margin of 6.41%.The business had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business posted $0.65 earnings per share. SEA’s revenue was up 46.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Institutional Trading of SEA

Institutional investors and hedge funds have recently made changes to their positions in the company. Fred Alger Management LLC boosted its position in shares of SEA by 22.1% during the 3rd 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 acquiring an additional 521,782 shares in the last quarter. Charles Lim Capital Ltd lifted its stake in SEA by 172.7% during the fourth quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock worth $95,678,000 after purchasing an additional 475,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in SEA by 24.4% during the fourth 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 purchasing an additional 350,840 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of SEA in the 4th quarter valued at $26,282,000. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of SEA by 32.4% in the 4th 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 purchasing an additional 175,746 shares in the last quarter. Institutional investors own 59.53% of the company’s stock.

Analyst Ratings Changes

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

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.