Insider Selling: SEA (NYSE:SE) COO Sells $926,300.00 in Stock

Sea Limited Sponsored ADR (NYSE:SE) COO Gang Ye sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $92.63, for a total transaction of $926,300.00. Following the completion of the transaction, the chief operating officer directly owned 570,000 shares in the company, valued at approximately $52,799,100. This represents a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 stock was sold at an average price of $92.80, for a total transaction 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 transaction of $897,000.00.
• On Wednesday, June 17th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $91.57, for a total transaction 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 transaction 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 transaction 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 shares were sold at an average price of $84.33, for a total value of $843,300.00.
• On Friday, June 5th, Gang Ye sold 10,000 shares of SEA stock. The shares were sold at an average price of $87.21, for a total value of $872,100.00.
• On Wednesday, June 3rd, Gang Ye sold 10,000 shares of SEA stock. The stock was sold at an average price of $90.47, for a total value of $904,700.00.

SEA Price Performance

SEA stock opened at $102.72 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.58. Sea Limited Sponsored ADR has a 52 week low of $77.05 and a 52 week high of $199.30. The stock has a market capitalization of $62.77 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.55. The stock has a fifty day moving average of $89.49 and a 200-day moving average of $100.45.

SEA (NYSE:SE) last released its earnings results 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). The business had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.46 billion. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business’s revenue was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, sell-side analysts expect that Sea Limited Sponsored ADR will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SE has been the subject of a number of research analyst reports. Morgan Stanley set a $121.00 price objective on shares of SEA and gave the stock an “overweight” rating in a research report on Friday, March 13th. Bank of America reaffirmed a “buy” rating and set a $125.00 target price on shares of SEA in a research note on Monday, March 9th. TD Cowen upped their price target on shares of SEA from $100.00 to $108.00 and gave the stock a “hold” rating in a report on Wednesday, May 13th. Zacks Research upgraded SEA from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SEA in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $155.54.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC boosted its position in SEA by 1.9% during the 4th 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 during the period. Cloud Capital Management LLC increased its position in SEA by 8.0% in 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 during the period. SlateStone Wealth LLC raised its stake in shares of SEA by 0.5% during the fourth quarter. SlateStone Wealth LLC now owns 31,098 shares of the Internet company based in Singapore’s stock valued at $3,967,000 after acquiring an additional 150 shares during the last quarter. Stonekeep Investments LLC raised its stake in shares of SEA by 5.6% during the fourth quarter. Stonekeep Investments LLC now owns 3,157 shares of the Internet company based in Singapore’s stock valued at $403,000 after acquiring an additional 167 shares during the last quarter. Finally, Burns Matteson Capital Management LLC lifted its holdings in shares of SEA by 9.1% during the fourth quarter. Burns Matteson Capital Management LLC now owns 2,081 shares of the Internet company based in Singapore’s stock worth $265,000 after purchasing an additional 173 shares during the period. Institutional investors 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.