SEA (NYSE:SE) COO Sells $2,073,800.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $103.69, for a total transaction of $2,073,800.00. Following the transaction, the chief operating officer directly owned 200,000 shares of the company’s stock, valued at approximately $20,738,000. This trade represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $2,168,200.00.
• On Wednesday, July 22nd, Gang Ye sold 20,000 shares of SEA stock. The stock was sold at an average price of $105.20, for a total value of $2,104,000.00.
• 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 Friday, July 24th, Gang Ye sold 20,000 shares of SEA stock. The shares were 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 stock was 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 value of $2,060,000.00.
• On Monday, July 6th, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $104.41, for a total value of $2,088,200.00.
• On Wednesday, July 1st, Gang Ye sold 20,000 shares of SEA stock. The shares were sold at an average price of $100.89, for a total value 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 value of $926,300.00.

SEA Price Performance

Shares of NYSE SE opened at $106.23 on Friday. 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 $64.91 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.04 and a beta of 1.55. The firm’s 50 day simple moving average is $96.70 and its 200-day simple moving average is $97.27. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30.

SEA (NYSE:SE) last posted its earnings results on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.08). SEA had a net margin of 6.41% and a return on equity of 14.12%. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. Analysts expect that Sea Limited Sponsored ADR will post 3.23 EPS for the current year.

Hedge Funds Weigh In On SEA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT grew its position in shares of 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 purchasing an additional 259 shares during the period. Cornerstone Planning Group LLC raised its position in shares of 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 purchasing an additional 174 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in SEA by 102.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after buying an additional 573 shares in the last quarter. Osbon Capital Management LLC purchased a new position in SEA in the 4th quarter valued at about $175,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in SEA by 43.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,493 shares of the Internet company based in Singapore’s stock worth $206,000 after buying an additional 751 shares during the last quarter. 59.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SE shares. Sanford C. Bernstein reissued an “outperform” rating on shares of SEA in a research note on Monday, July 20th. Barclays upped their price target on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. JPMorgan Chase & Co. dropped their price objective on SEA from $168.00 to $163.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average 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.