SEA (NYSE:SE) COO Sells $872,100.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $87.21, for a total transaction of $872,100.00. Following the sale, the chief operating officer directly owned 150,000 shares of the company’s stock, valued at approximately $13,081,500. This represents a 6.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The shares were 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 stock was sold at an average price of $92.02, for a total transaction of $920,200.00.
• On Tuesday, May 26th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $89.47, for a total transaction of $894,700.00.
• 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $86.78, for a total transaction of $867,800.00.

SEA Stock Performance

NYSE SE traded down $2.67 on Monday, hitting $83.89. The stock had a trading volume of 1,789,364 shares, compared to its average volume of 5,169,017. Sea Limited Sponsored ADR has a one year low of $77.05 and a one year high of $199.30. The company has a quick ratio of 1.56, a current ratio of 1.58 and a debt-to-equity ratio of 0.05. The stock has a market cap of $51.26 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 0.90 and a beta of 1.57. The company’s 50-day moving average is $86.98 and its two-hundred day moving average is $106.28.

SEA (NYSE:SE) last posted its 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 return on equity of 14.12% and a net margin of 6.41%.The firm had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the company posted $0.65 EPS. SEA’s revenue for the quarter was up 46.6% on a year-over-year basis. On average, analysts expect that Sea Limited Sponsored ADR will post 3.33 earnings per share for the current year.

Institutional Trading of SEA

A number of institutional investors have recently made changes to their positions in SE. Woodline Partners LP acquired a new stake in SEA during the first quarter valued at approximately $4,028,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after purchasing an additional 27,953 shares during the last quarter. Captrust Financial Advisors lifted its stake in SEA by 4.2% during the second quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after purchasing an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in SEA by 5.4% during the second quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock valued at $86,880,000 after purchasing an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc lifted its stake in SEA by 21.1% during the second quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after purchasing an additional 2,121 shares during the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on SE shares. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research note on Friday, March 13th. Barclays upped their price target on shares of SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research note on Friday, March 27th. Finally, Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.