Insider Selling: SEA (NYSE:SE) COO Sells $2,104,000.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $105.20, for a total value of $2,104,000.00. Following the transaction, the chief operating officer directly owned 260,000 shares of the company’s stock, valued at approximately $27,352,000. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $2,168,200.00.
• On Monday, July 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 stock was 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 value of $1,998,200.00.
• On Monday, July 13th, Gang Ye sold 20,000 shares of SEA stock. The stock was 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 shares were sold at an average price of $103.00, for a total transaction of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $104.41, for a total transaction of $2,088,200.00.
• On Wednesday, July 1st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $100.89, for a total transaction of $2,017,800.00.
• 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 transaction of $926,300.00.

SEA Trading Down 2.0%

NYSE:SE opened at $106.23 on Friday. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. 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’s fifty day moving average is $96.70 and its 200-day moving average is $97.27. The firm has a market cap of $64.91 billion, a P/E ratio of 41.82, a P/E/G ratio of 1.04 and a beta of 1.55.

SEA (NYSE:SE) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.SEA’s quarterly revenue was up 46.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities analysts expect that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Several institutional investors have recently made changes to their positions in SE. Zions Bancorporation National Association UT boosted its position in shares of SEA by 539.6% during the 4th 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 in the last quarter. Cornerstone Planning Group LLC increased its position in SEA by 26.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock valued at $70,000 after buying an additional 174 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in SEA by 102.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock worth $144,000 after buying an additional 573 shares during the period. Osbon Capital Management LLC bought a new position in SEA in the fourth quarter worth approximately $175,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in SEA by 43.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SE. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Barclays boosted their price target on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, TD Cowen raised 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 equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.