Insider Selling: SEA (NYSE:SE) COO Sells $2,350,000.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $117.50, for a total transaction of $2,350,000.00. Following the completion of the sale, the chief operating officer directly owned 328,792 shares in the company, valued at $38,633,060. This represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 1st, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $113.29, for a total transaction of $2,265,800.00.
• On Friday, August 28th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $119.82, for a total transaction of $3,594,600.00.
• On Tuesday, August 25th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $119.96, for a total transaction of $3,598,800.00.
• On Monday, August 24th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $115.92, for a total transaction of $2,318,400.00.
• On Thursday, August 20th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $117.18, for a total transaction of $2,343,600.00.
• On Wednesday, August 19th, Gang Ye sold 21,208 shares of SEA stock. The shares were sold at an average price of $117.98, for a total transaction of $2,502,119.84.
• On Tuesday, August 18th, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $116.64, for a total value of $2,332,800.00.
• On Monday, August 17th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $120.08, for a total value of $3,602,400.00.
• On Thursday, August 13th, Gang Ye sold 30,000 shares of SEA stock. The stock was sold at an average price of $124.06, for a total value of $3,721,800.00.
• On Tuesday, August 11th, Gang Ye sold 30,000 shares of SEA stock. The shares were sold at an average price of $129.35, for a total value of $3,880,500.00.

SEA Stock Up 0.1%

Shares of NYSE:SE opened at $112.74 on Thursday. The stock has a fifty day simple moving average of $110.22 and a two-hundred day simple moving average of $97.00. The stock has a market capitalization of $68.89 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.13 and a beta of 1.51. Sea Limited Sponsored ADR has a 12-month low of $77.05 and a 12-month high of $199.30. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.07.

SEA (NYSE:SE) last released its earnings results on Tuesday, August 11th. The Internet company based in Singapore reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16). SEA had a return on equity of 13.54% and a net margin of 5.98%.The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The company’s revenue was up 48.3% on a year-over-year basis. On average, research analysts anticipate that Sea Limited Sponsored ADR will post 2.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently modified their holdings of the company. Woodline Partners LP purchased a new stake in SEA during the first quarter valued at $4,028,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in SEA by 248.7% in the second 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 purchasing an additional 27,953 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of SEA by 4.2% during the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after purchasing an additional 1,084 shares during the period. State of Tennessee Department of Treasury grew its stake in shares of SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after purchasing an additional 27,964 shares during the period. Finally, Morse Asset Management Inc grew its stake in shares of SEA by 21.1% during the 2nd 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 purchasing an additional 2,121 shares during the period. 59.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SE has been the subject of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Barclays upped their target price on shares of SEA from $122.00 to $156.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Morgan Stanley restated an “overweight” rating and issued a $153.00 price objective on shares of SEA in a report on Thursday, August 13th. Finally, Benchmark upped their price objective on SEA from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.11.

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.