Insider Selling: SEA (NYSE:SE) COO Sells $928,000.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $92.80, for a total value of $928,000.00. Following the transaction, the chief operating officer owned 600,000 shares of the company’s stock, valued at approximately $55,680,000. This represents a 1.64% 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 link.

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

• 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 stock was 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 shares were 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 shares were 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 transaction of $843,300.00.
• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 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.

SEA Trading Up 2.6%

Shares of SE stock opened at $91.36 on Friday. Sea Limited Sponsored ADR has a fifty-two week low of $77.05 and a fifty-two week high of $199.30. The company has a 50 day moving average price of $88.44 and a 200 day moving average price of $101.41. The stock has a market capitalization of $55.82 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58.

SEA (NYSE:SE) last released its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.08). The business had revenue of $7.10 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Equities research analysts predict that Sea Limited Sponsored ADR will post 3.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SE has been the subject of a number of recent research reports. Bank of America reiterated a “buy” rating and issued a $125.00 target price on shares of SEA in a report on Monday, March 9th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Sanford C. Bernstein decreased their price objective on SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Morgan Stanley set a $121.00 target price on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Hedge Funds Weigh In On SEA

Several large investors have recently bought and sold shares of SE. Zions Bancorporation National Association UT lifted its stake in SEA by 539.6% in the fourth quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after buying an additional 259 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of SEA in the 4th quarter worth $44,000. Hillsdale Investment Management Inc. boosted its holdings in SEA by 44.4% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 650 shares of the Internet company based in Singapore’s stock valued at $116,000 after purchasing an additional 200 shares in the last quarter. Cornerstone Planning Group LLC increased its position in SEA by 461.5% during the 4th quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock worth $83,000 after purchasing an additional 540 shares during the period. Finally, Oarsman Capital Inc. purchased a new position in shares of SEA during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

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.