SEA (NYSE:SE) COO Sells $894,700.00 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 Tuesday, May 26th. The stock was sold at an average price of $89.47, for a total transaction of $894,700.00. Following the sale, the chief operating officer owned 230,000 shares of the company’s stock, valued at $20,578,100. This represents a 4.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, May 22nd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $87.85, for a total transaction of $878,500.00.
• On Wednesday, May 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.35, for a total transaction of $863,500.00.
• On Monday, May 18th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.11, for a total transaction of $881,100.00.
• On Friday, May 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.60, for a total transaction of $886,000.00.
• On Wednesday, May 13th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $94.61, for a total transaction of $946,100.00.
• On Friday, May 8th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.78, for a total transaction of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $83.67, for a total transaction of $836,700.00.
• On Wednesday, May 6th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $88.39, for a total transaction of $883,900.00.
• On Monday, May 4th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $85.75, for a total transaction of $857,500.00.
• On Friday, May 1st, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $86.14, for a total transaction of $861,400.00.

SEA Stock Up 5.1%

SE stock opened at $93.54 on Thursday. The company has a fifty day moving average price of $85.64 and a 200 day moving average price of $108.94. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. The company has a market cap of $57.16 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56.

SEA (NYSE:SE) last released 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). SEA had a net margin of 6.41% and a return on equity of 14.12%. The business had revenue of $7.10 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 46.6% compared to the same quarter last year. Sell-side analysts expect that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current year.

Hedge Funds Weigh In On SEA

Large investors have recently bought and sold shares of the company. Woodline Partners LP acquired a new position in shares of SEA during the 1st quarter worth $4,028,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of SEA by 248.7% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock worth $6,268,000 after purchasing an additional 27,953 shares during the period. Captrust Financial Advisors grew 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 purchasing an additional 1,084 shares during the period. State of Tennessee Department of Treasury grew its stake 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 purchasing an additional 27,964 shares during the period. Finally, Morse Asset Management Inc grew its stake 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 purchasing an additional 2,121 shares during the period. Hedge funds and other institutional investors own 59.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SE shares. TD Cowen upped their price objective on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a research report on Wednesday, May 13th. Jefferies Financial Group restated a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Bank of America restated a “buy” rating and set a $125.00 price objective on shares of SEA in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Finally, Barclays upped their price objective on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.41.

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.