SEA (NYSE:SE) COO Sells $878,500.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of SEA stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $87.85, for a total value of $878,500.00. Following the completion of the transaction, the chief operating officer owned 240,000 shares in the company, valued at $21,084,000. The trade was a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $894,700.00.
• 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 value 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 value 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 value 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 value 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 value of $867,800.00.
• On Monday, May 11th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $83.67, for a total value of $836,700.00.
• On Wednesday, May 6th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $88.39, for a total value of $883,900.00.
• On Monday, May 4th, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $85.75, for a total value of $857,500.00.
• On Friday, May 1st, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $86.14, for a total value of $861,400.00.

SEA Trading Down 1.5%

Shares of SE opened at $92.01 on Friday. The stock’s 50-day moving average is $85.73 and its two-hundred day moving average is $108.54. The stock has a market cap of $56.22 billion, a PE ratio of 36.23, a P/E/G ratio of 0.96 and a beta of 1.57. Sea Limited Sponsored ADR has a 12 month low of $77.05 and a 12 month high of $199.30. 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 issued its quarterly earnings data on Tuesday, May 12th. The Internet company based in Singapore reported $0.67 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 company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. Equities analysts forecast that Sea Limited Sponsored ADR will post 3.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of SEA in a research report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SEA in a research report on Friday, March 27th. Barclays lifted their target price on SEA from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Morgan Stanley set a $121.00 target price on SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Finally, Sanford C. Bernstein dropped their target price on SEA from $170.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $155.54.

Institutional Trading of SEA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC increased its holdings in SEA by 114.0% in the third quarter. Rothschild Investment LLC now owns 199 shares of the Internet company based in Singapore’s stock valued at $36,000 after buying an additional 106 shares during the last quarter. Zions Bancorporation National Association UT boosted its position in shares of SEA by 539.6% during 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 buying an additional 259 shares during the period. Holos Integrated Wealth LLC acquired a new position in shares of SEA during the fourth quarter worth approximately $44,000. Cornerstone Planning Group LLC lifted its position in SEA by 26.5% in the first quarter. Cornerstone Planning Group LLC now owns 831 shares of the Internet company based in Singapore’s stock worth $70,000 after purchasing an additional 174 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its position in SEA by 41.9% in the third quarter. Cullen Frost Bankers Inc. now owns 559 shares of the Internet company based in Singapore’s stock worth $100,000 after purchasing an additional 165 shares during the period. 59.53% of the stock is owned by 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.