Insider Selling: SEA (NYSE:SE) COO Sells 20,000 Shares

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $100.89, for a total transaction of $2,017,800.00. Following the completion of the transaction, the chief operating officer owned 540,000 shares in the company, valued at approximately $54,480,600. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, June 29th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $92.63, for a total transaction of $926,300.00.
• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.58, for a total transaction of $895,800.00.
• 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 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 value 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 value of $872,100.00.

SEA Price Performance

Shares of SEA stock opened at $102.72 on Monday. The firm has a market capitalization of $62.77 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. The company has a current ratio of 1.58, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The business’s 50-day moving average price is $89.49 and its 200-day moving average price is $100.30.

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). The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a return on equity of 14.12% and a net margin of 6.41%.The business’s quarterly revenue was up 46.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. Sell-side analysts forecast that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SE. Morgan Stanley set a $121.00 target price on shares of SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a report on Tuesday, May 12th. Bank of America restated a “buy” rating and set a $125.00 price target on shares of SEA in a research report on Monday, March 9th. Zacks Research raised SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, TD Cowen boosted their price objective on SEA from $100.00 to $108.00 and gave the company a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Institutional Trading of SEA

A number of institutional investors have recently modified their holdings of SE. Zions Bancorporation National Association UT grew its stake 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 worth $39,000 after purchasing an additional 259 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in shares of SEA in the 4th quarter worth approximately $44,000. Cornerstone Planning Group LLC increased its stake in shares of SEA by 461.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 657 shares of the Internet company based in Singapore’s stock valued at $83,000 after buying an additional 540 shares during the period. Oarsman Capital Inc. purchased a new position in shares of SEA during the third quarter valued at approximately $201,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of SEA by 102.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,132 shares of the Internet company based in Singapore’s stock valued at $144,000 after acquiring an additional 573 shares in the last quarter. 59.53% of the stock is currently owned by hedge funds and other institutional investors.

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.