Insider Selling: SEA (NYSE:SE) COO Sells $897,000.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $89.70, for a total value of $897,000.00. Following the completion of the sale, the chief operating officer owned 610,000 shares in the company, valued at $54,717,000. The trade was a 1.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $91.57, for a total transaction 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 transaction 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 transaction 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 transaction of $825,100.00.
• On Monday, June 8th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $84.33, for a total transaction of $843,300.00.
• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.21, for a total transaction of $872,100.00.
• 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 stock was 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 value of $920,200.00.

SEA Price Performance

NYSE:SE opened at $89.07 on Friday. 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 stock’s 50-day simple moving average is $88.42 and its 200 day simple moving average is $101.48. The company has a market cap of $54.42 billion, a P/E ratio of 35.07, a P/E/G ratio of 0.97 and a beta of 1.57. Sea Limited Sponsored ADR has a 52-week low of $77.05 and a 52-week high of $199.30.

SEA (NYSE:SE) last issued its quarterly earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.08). The company had revenue of $7.10 billion for the quarter, compared to analyst estimates 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 company posted $0.65 earnings per share. As a group, sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.33 EPS for the current fiscal year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP acquired a new position in shares of SEA in the first quarter valued at $4,028,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of 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 valued at $6,268,000 after purchasing an additional 27,953 shares during the period. Captrust Financial Advisors lifted 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 worth $4,348,000 after buying an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury boosted its holdings 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 worth $86,880,000 after buying an additional 27,964 shares during the period. Finally, Morse Asset Management Inc boosted its holdings 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 worth $1,946,000 after buying an additional 2,121 shares during the period. 59.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SE. Jefferies Financial Group reissued a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Barclays lifted their price objective on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. One equities 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’s stock. According to MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target 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.