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 firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $104.41, for a total transaction of $2,088,200.00. Following the transaction, the chief operating officer directly owned 500,000 shares in the company, valued at approximately $52,205,000. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 transaction 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 transaction of $926,300.00.
• On Friday, June 26th, Gang Ye sold 10,000 shares of SEA stock. The shares were 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 shares were sold at an average price of $92.80, for a total value 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 value of $897,000.00.
• On Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $91.57, for a total value of $915,700.00.
• On Monday, June 15th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.26, for a total value 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 stock was 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.

SEA Stock Down 0.6%

SE stock opened at $104.38 on Wednesday. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The business has a 50-day simple moving average of $90.30 and a 200 day simple moving average of $100.07. 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 company has a market cap of $63.78 billion, a PE ratio of 41.10, a price-to-earnings-growth ratio of 1.01 and a beta of 1.55.

SEA (NYSE:SE) last announced its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 earnings per share (EPS) 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 analyst estimates of $6.46 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 46.6% on a year-over-year basis. Sell-side analysts anticipate that Sea Limited Sponsored ADR will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SE. Zacks Research raised shares of SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Morgan Stanley set a $121.00 target price on SEA and gave the company an “overweight” rating in a report on Friday, March 13th. Barclays lifted their price target on SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.54.

Institutional Trading of SEA

Hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its holdings in shares of SEA by 1.9% during the fourth quarter. Venturi Wealth Management LLC now owns 5,208 shares of the Internet company based in Singapore’s stock worth $664,000 after buying an additional 98 shares in the last quarter. Cloud Capital Management LLC boosted its holdings in shares of SEA by 8.0% during the 4th quarter. Cloud Capital Management LLC now owns 2,005 shares of the Internet company based in Singapore’s stock valued at $255,000 after acquiring an additional 148 shares in the last quarter. SlateStone Wealth LLC grew its position in SEA by 0.5% during the 4th quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock worth $3,967,000 after acquiring an additional 150 shares during the last quarter. Stonekeep Investments LLC grew its position in SEA by 5.6% during the 4th quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock worth $403,000 after acquiring an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in SEA by 6.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,730 shares of the Internet company based in Singapore’s stock worth $262,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds 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.