SEA (NYSE:SE) COO Sells $895,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $89.58, for a total value of $895,800.00. Following the completion of the sale, the chief operating officer owned 580,000 shares of the company’s stock, valued at approximately $51,956,400. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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.
• 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 transaction of $928,000.00.
• On Monday, June 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.70, for a total transaction 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 transaction of $915,700.00.
• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The stock was 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 shares were 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.

SEA Stock Performance

SE stock opened at $102.33 on Thursday. The company has a 50 day moving average price of $88.84 and a 200 day moving average price of $100.60. 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 debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The stock has a market capitalization of $62.52 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.55.

SEA (NYSE:SE) last released 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). SEA had a return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s revenue was up 46.6% compared to the same quarter last year. Analysts forecast that Sea Limited Sponsored ADR will post 3.33 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SE. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. JPMorgan Chase & Co. lowered their price target on shares of SEA from $168.00 to $163.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Barclays increased their price objective on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, TD Cowen raised their price objective on shares of SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research note on Wednesday, May 13th. One 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.54.

Hedge Funds Weigh In On SEA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT increased its stake in shares of SEA by 539.6% in the 4th quarter. Zions Bancorporation National Association UT now owns 307 shares of the Internet company based in Singapore’s stock valued at $39,000 after acquiring an additional 259 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of SEA in the 4th quarter valued at approximately $44,000. Cornerstone Planning Group LLC boosted its stake in SEA by 26.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after acquiring an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. boosted 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 acquiring an additional 573 shares during the last quarter. Finally, Osbon Capital Management LLC acquired a new position in SEA during the fourth quarter valued at approximately $175,000. Institutional investors own 59.53% of the company’s stock.

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.