Insider Selling: SEA (NYSE:SE) COO Sells 10,000 Shares of Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $82.68, for a total value of $826,800.00. Following the sale, the chief operating officer owned 390,000 shares of the company’s stock, valued at approximately $32,245,200. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $84.28, for a total value of $842,800.00.
• On Wednesday, March 25th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.60, for a total value of $806,000.00.
• On Monday, March 23rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.06, for a total value of $800,600.00.
• On Friday, March 20th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $80.79, for a total value of $807,900.00.
• On Wednesday, March 18th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.17, for a total value of $851,700.00.

SEA Trading Down 1.0%

SE stock opened at $81.46 on Wednesday. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 0.76 and a beta of 1.69. The company has a quick ratio of 1.57, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $97.16 and a 200-day simple moving average of $129.17. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30.

SEA (NYSE:SE) last released its quarterly earnings data on Tuesday, March 3rd. The Internet company based in Singapore reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.28). The firm had revenue of $6.85 billion for the quarter, compared to analyst estimates of $6.42 billion. SEA had a return on equity of 15.20% and a net margin of 6.93%.The company’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. On average, equities research analysts expect that Sea Limited Sponsored ADR will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Sanford C. Bernstein decreased their price target on shares of SEA from $170.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. Morgan Stanley set a $121.00 price target on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Zacks Research cut shares of SEA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 10th. Barclays decreased their price target on shares of SEA from $226.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Bank of America reaffirmed a “buy” rating and set a $125.00 price target on shares of SEA in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $166.83.

Hedge Funds Weigh In On SEA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fred Alger Management LLC boosted its position in SEA by 22.1% in the 3rd quarter. Fred Alger Management LLC now owns 2,886,441 shares of the Internet company based in Singapore’s stock valued at $515,894,000 after buying an additional 521,782 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SEA by 24.4% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,791,660 shares of the Internet company based in Singapore’s stock valued at $228,549,000 after buying an additional 350,840 shares during the last quarter. Charles Lim Capital Ltd boosted its position in SEA by 172.7% in the 4th quarter. Charles Lim Capital Ltd now owns 750,000 shares of the Internet company based in Singapore’s stock valued at $95,678,000 after buying an additional 475,000 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in SEA by 32.4% in the 4th quarter. State of Tennessee Department of Treasury now owns 718,949 shares of the Internet company based in Singapore’s stock valued at $83,750,000 after buying an additional 175,746 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in SEA in the 4th quarter valued at about $26,282,000. 59.53% of the stock is owned by hedge funds and other institutional investors.

SEA Company Profile

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.